In a report released today, Jason Helfstein from Oppenheimer reiterated a Buy rating on Roku Inc (ROKU). The company’s shares opened today at $63.83.
According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 18.3% and a 64.6% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, ANGI Homeservices Inc, and Spotify Technology SA.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roku Inc with a $62.10 average price target, a -2.7% downside from current levels. In a report issued on March 6, Guggenheim also maintained a Buy rating on the stock with a $77 price target.
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Based on Roku Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $6.78 million. In comparison, last year the company had a net profit of $6.94 million.
Based on the recent corporate insider activity of 77 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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