Roku shares are trading higher after MoffettNathanson upgraded the stock from Sell to Neutral and announced a $55 price target.
Portfolio Pulse from Benzinga Newsdesk
Roku's stock is trading higher following an upgrade from Sell to Neutral by MoffettNathanson, who also set a price target of $55.
October 31, 2023 | 7:05 pm
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POSITIVE IMPACT
Roku's stock has been upgraded by MoffettNathanson from Sell to Neutral, with a new price target of $55. This has led to an increase in the stock's trading price.
The upgrade from MoffettNathanson is a positive signal for Roku's stock. It indicates that the firm sees potential value in the stock, leading to increased investor confidence and a rise in the stock's trading price. The new price target of $55 also provides a benchmark for investors, potentially driving further investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100