Roku shares are trading higher after Cannonball Research upgraded the stock from Neutral to Buy and announced a $116 price target.
Portfolio Pulse from Benzinga Newsdesk
Roku's stock is experiencing an uptick following an upgrade from Neutral to Buy by Cannonball Research, which also set a new price target of $116.
November 27, 2023 | 5:01 pm
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Roku Inc. received a positive analyst rating upgrade from Cannonball Research, moving from Neutral to Buy, with a new price target set at $116.
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 current levels, which can attract investors and drive up the stock price.
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IMPORTANCE 85
RELEVANCE 100