Roku posted strong results last month and raised its guidance, but the shares still hit a fresh low four trading days later. At least three analysts have upgraded the stock since it bottomed out, echoing themes of improving monetization and financial results.
Roku (ROKU) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Roku Inc (NASDAQ:ROKU) stock surging today, last seen up 6.3% to trade at $74.55 at last glance, after Wolfe Research upgraded the streaming giant to "outperform" from "peer perform," and set its price objective at $93.
Wolfe Research analysts upgraded shares of the maker of streaming devices and software to Outperform.
Roku (ROKU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Roku is known for its devices, but its the ad business that's fueling sales. Viewers continue their cord-cutting trend, and as the leader in ad-supported streaming, Roku is uniquely positioned to benefit.
The COVID-19 pandemic accelerated the trend in streaming video, much to the benefit of this company. Its post-pandemic hangover hit shares hard, but the worst appears behind it.
Roku's revenue and user base continue to climb higher -- an encouraging sign. As more ad dollars move to streaming, Roku is in a position to benefit.
Roku (ROKU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Connected TV platforms are capturing an increasing share of political advertising dollars in the 2024 cycle. The Kamala Harris campaign said it's reserved $200 million worth of ad space across connected TV and streaming platforms, like Hulu, Roku and Pandora.
Roku is facilitating the growth of streaming content viewership internationally.
Roku (ROKU) shares popped Friday after Guggenheim analysts reportedly upgraded the stock to "buy" from "neutral."