Morgan Stanley Upgrades Roku Inc to Hold


In a report released today, Benjamin Swinburne from Morgan Stanley upgraded Roku Inc (NASDAQ: ROKU) to Hold. The company’s shares closed on Friday at $38.54.

According to TipRanks.com, Swinburne is a 4-star analyst with an average return of 13.3% and a 63.1% success rate. Swinburne covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Omnicom Group, and Dish Network.

Currently, the analyst consensus on Roku Inc is Moderate Buy and the average price target is $40.60, representing a 5.3% upside.

In a report issued on May 16, Oppenheimer also assigned a Hold rating to the stock.

See today’s analyst top recommended stocks >>

The company has a one-year high of $58.80 and a one-year low of $15.75. Currently, Roku Inc has an average volume of 4.98M.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock.

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Roku Inc. engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.

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