Wedbush analyst Michael Pachter reiterated a Hold rating on Roku Inc (ROKU) today and set a price target of $105. The company’s shares opened today at $102.99, close to its 52-week high of $108.32.
According to TipRanks.com, Pachter is a 2-star analyst with an average return of 0.1% and a 50.9% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
Currently, the analyst consensus on Roku Inc is a Moderate Buy with an average price target of $87.27.
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The company has a one-year high of $108.32 and a one-year low of $26.30. Currently, Roku Inc has an average volume of 12.56M.
Based on the recent corporate insider activity of 82 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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