Why Roku Stock Pushed Higher on Tuesday

Shares of Roku (NASDAQ: ROKU) pushed higher Tuesday, jumping as much as 6%. As of 1:05 p.m. ET, the stock was still up 3.1%.

The catalyst the sent the streaming video pioneer higher was an bullish take by a Wall Street analyst.

D.A. Davidson analyst Tom Forte issued positive commentary on Roku, maintaining his buy rating and $200 price target on the stock, according to The Fly. That suggests potential upside for investors of roughly 66% over the coming year. After meeting with Conrad Grodd, Roku's head of investor relations, Forte came away bullish on the company's prospects.

Source Fool.com