Why Roku Stock Popped Today
Shares of Roku (NASDAQ: ROKU) were surging today even as there was no major news out on the leading streaming distribution platform. Instead, investors seemed to be reacting to a number of smaller news items, including that Amazon was planning to launch an ad-based tier for Prime Video.
As of 1:52 p.m. ET, Roku stock was up 11.6% as of 1:53 p.m. ET.
Streaming stocks were up broadly today, possibly in response to rumors that the connected TV ad market was bouncing back in the second quarter, and as Netflix scored a pair of analyst upgrades that cheered the tailwinds from the leading streamer's "paid sharing" rollout and its growing ad business.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 33 Buy predictions and 6 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 57.47% compared to the current price of 59.06 € for Roku.