Cannonball Research Upgrades Roku to Buy, Announces $116 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cannonball Research analyst Vasily Karasyov has upgraded Roku (NASDAQ:ROKU) from Neutral to Buy and set a new price target of $116.

November 27, 2023 | 4:08 pm
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Roku has been upgraded from Neutral to Buy by Cannonball Research, with a new price target of $116, suggesting a positive outlook for the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved future performance or undervaluation at current prices. The new price target of $116 implies a significant upside from the current trading level, which can attract investors and drive up the stock price.
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