Roku shares are trading higher after Seaport Global Securities upgraded the stock from Neutral to Buy and set a price target of $74.
Portfolio Pulse from Benzinga Newsdesk
Roku shares are trading higher following an upgrade from Seaport Global Securities, which changed its rating from Neutral to Buy and established a price target of $74.
April 29, 2024 | 4:55 pm
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POSITIVE IMPACT
Roku's stock price is expected to experience a positive short-term impact due to the upgrade from Neutral to Buy by Seaport Global Securities, along with a new price target of $74.
Upgrades by reputable financial institutions typically lead to positive short-term price movements as they reflect a positive change in the stock's outlook. The setting of a price target above the current trading price can also serve as a bullish signal to investors, potentially driving up demand for the stock.
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