RBC Capital analyst Mark Mahaney maintained a Buy rating on Roku (ROKU) on March 26 and set a price target of $142.00. The company’s shares closed last Friday at $87.45.
According to TipRanks.com, Mahaney is a 5-star analyst with an average return of 9.0% and a 50.1% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Uber Technologies, and Eventbrite.
Roku has an analyst consensus of Moderate Buy, with a price target consensus of $139.40, a 59.5% upside from current levels. In a report issued on March 23, Needham also assigned a Buy rating to the stock with a $200.00 price target.
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The company has a one-year high of $176.56 and a one-year low of $55.03. Currently, Roku has an average volume of 13.13M.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROKU in relation to earlier this year.
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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. 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. Its product categories include advertising, Roku TVs and Streaming Players. The company was founded by Anthony J. Wood in October 2002 and is headquartered in Los Gatos, CA.
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