Markets

Roku jumps after BofA gives 7 reasons why the stock could surge 18%

Bank of America raised its price target for Roku stock to $US500 from $US380 on Monday, implying an 18% surge from Friday’s close. The bank’s analysts expect the shift of advertising dollars to streaming platforms to continue driving record quarterly profits and revenue. International expansion and the addition of content […]
Roku jumps after BofA gives 7 reasons why the stock could surge 18%
Markets

Roku tumbles 16% as Morgan Stanley downgrades the stock on valuation concerns

Roku shares fell as much as 16% Monday after Morgan Stanley downgraded the stock from “equal-weight” to “underweight.” Morgan Stanley analyst Benjamin Swinburne said that in light of Roku’s 400% gain this year, the stock’s risk/reward profile is skewed to the downside. Swinburne added that Roku’s valuation has surpassed not […]
Roku tumbles 16% as Morgan Stanley downgrades the stock on valuation concerns
Markets

Roku skyrockets to a record high after shattering Wall Street forecasts

Shares of Roku exploded as much as 22% to a record high of $US123.16 on Thursday morning after the streaming platform reported second-quarter earnings that smashed Wall Street estimates. The streaming company topped 30 million active accounts for the first time after adding 1.4 million new accounts during the period. […]
Roku skyrockets to a record high after shattering Wall Street forecasts