Why Roku Stock Rallied on Friday
Shares of (NASDAQ: ROKU) charged out of the gate Friday, jumping as much as 14.2%. As of 12:34 p.m. ET, the stock was still up 12.3%.
The catalyst that propelled the streaming video pioneer higher was an upgrade and bullish commentary from a Wall Street analyst.
Guggenheim analyst Michael Morris upgraded Roku stock to a buy from neutral (hold) while raising his price target to $75. For investors keeping track at home, that represents potential upside of 21% for investors compared to Thursday's closing price.
Source Fool.com
Roku Stock
€67.16
0.640%
Our community is currently high on Roku with 31 Buy predictions and 6 Sell predictions.
As a result the target price of 87 € shows a positive potential of 29.54% compared to the current price of 67.16 € for Roku.
