Roku (NASDAQ:ROKU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $58.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 25.32% from the company’s previous close.
According to Zacks, “Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company’s products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones. It operates primarily in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France. Roku, Inc. is based in SARATOGA, United States. “
Several other research analysts also recently commented on the company. Vetr raised Roku from a “buy” rating to a “strong-buy” rating and set a $50.90 target price for the company in a research note on Wednesday, November 29th. Morgan Stanley started coverage on Roku in a research note on Monday, October 23rd. They set an “equal weight” rating and a $22.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price (up previously from $28.00) on shares of Roku in a research note on Monday, November 27th. UBS Group downgraded Roku from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 14th. Finally, Oppenheimer started coverage on Roku in a research note on Monday, October 23rd. They set a “market perform” rating and a $26.00 target price for the company. Five research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Roku has an average rating of “Hold” and a consensus price target of $37.30.
Roku (ROKU) opened at $46.28 on Thursday. The company has a debt-to-equity ratio of -0.09, a current ratio of 1.36 and a quick ratio of 1.11. The company has a market capitalization of $4,530.00 and a PE ratio of -65.18. Roku has a 52 week low of $15.75 and a 52 week high of $58.80.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to analyst estimates of $110.47 million. Roku’s revenue for the quarter was up 40.1% compared to the same quarter last year. equities analysts expect that Roku will post -2.32 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. OxFORD Asset Management LLP bought a new position in shares of Roku during the 3rd quarter worth approximately $12,899,000. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Roku during the 3rd quarter worth approximately $11,920,000. Dragoneer Investment Group LLC bought a new position in shares of Roku during the 3rd quarter worth approximately $9,554,000. Jane Street Group LLC bought a new position in shares of Roku during the 3rd quarter worth approximately $3,784,000. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Roku during the 3rd quarter worth approximately $2,650,000. Institutional investors and hedge funds own 23.28% of the company’s stock.
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Roku Company Profile
Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.
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