In a report released today, Laura Martin from Needham assigned a Buy rating to Roku (ROKU), with a price target of $190.00. The company’s shares closed last Wednesday at $161.18.
According to TipRanks.com, Martin is a 5-star analyst with an average return of 20.2% and a 64.2% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and Walt Disney.
Roku has an analyst consensus of Moderate Buy, with a price target consensus of $166.53, which is a 0.3% upside from current levels. In a report issued on August 26, Citigroup also initiated coverage with a Buy rating on the stock with a $180.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $185.44 and a one-year low of $58.22. Currently, Roku has an average volume of 9.37M.
Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on ROKU:
