Roku, Inc. (ROKU) Price Target Raised to $25.00

Roku, Inc. (NASDAQ:ROKU) had its price objective lifted by Morgan Stanley from $22.00 to $25.00 in a research report sent to investors on Thursday morning. Morgan Stanley currently has an equal weight rating on the stock.

ROKU has been the topic of several other reports. Needham & Company LLC assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued a buy rating and a $28.00 price target on the stock. Royal Bank Of Canada assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued a sector perform rating and a $26.00 price target on the stock. William Blair assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued an outperform rating on the stock. Oppenheimer Holdings, Inc. assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued a market perform rating and a $26.00 price target on the stock. Finally, CIBC assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued a market perform rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $26.20.

Roku (ROKU) traded up $4.06 during trading hours on Thursday, hitting $33.25. 34,527,400 shares of the stock traded hands, compared to its average volume of 3,493,522. Roku has a 12-month low of $15.75 and a 12-month high of $36.65.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $110.47 million. Roku’s quarterly revenue was up 40.1% compared to the same quarter last year. research analysts anticipate that Roku will post -2.32 EPS for the current year.

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In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of Roku stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.00, for a total transaction of $96,600,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

A number of hedge funds have recently modified their holdings of ROKU. SG Americas Securities LLC purchased a new position in Roku during the third quarter worth about $273,000. Sei Investments Co. purchased a new position in Roku during the third quarter worth about $544,000. FNY Managed Accounts LLC purchased a new position in Roku during the third quarter worth about $599,000. Nationwide Fund Advisors purchased a new position in Roku during the third quarter worth about $1,009,000. Finally, Citadel Advisors LLC purchased a new position in Roku during the third quarter worth about $1,122,000. 0.17% of the stock is currently owned by institutional investors.

Roku Company Profile

Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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