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 is surging after inking a deal with ESPN

ESPN’s cable-free streaming service, ESPN+, will be available on Roku devices, the company announced Monday. Roku surged more than 8% after-hours on the news. Follow Roku’s stock price in real-time here. Shares of Roku jumped more than 8% in early trading Tuesday after the streaming-device maker announced a deal with […]
Roku is surging after inking a deal with ESPN
Markets

Roku plummets following a lacklustre first-quarter 2018 forecast

Roku reported fourth-quarter 2017 earnings on Wednesday that slightly beat Wall Street estimates. The company’s stock plunged after it gave weaker-than-expected first-quarter 2018 guidance. Watch Roku’s stock move in real time. Shares of Roku dived more than 20% Thursday morning after the company gave weaker-than-expected sales guidance for the first […]
Roku plummets following a lacklustre first-quarter 2018 forecast
Markets

Roku jumps after news that it’s rolling out a new ad tracker

Roku‘s stock was up after news that it will introduce a suite of new ad measurement tools. The tools will allow marketers, TV networks, and media owners to track the effectiveness of their ad campaigns on Roku’s platforms. The rally was a break from a rough few weeks for the […]
Roku jumps after news that it’s rolling out a new ad tracker
News

Roku opens at a record high after getting a $50 price target on Monday

Roku, which makes streaming video devices, has more than tripled since going public in November. Shares opened at an all-time high of $US49.41 after getting a super-bullish analyst price target. Shares of Roku blew past previous highs to open at $US49.41 apiece Tuesday morning, a day after Needham slapped a […]
Roku opens at a record high after getting a $50 price target on Monday