Wells Fargo Upgrades Roku to Equal-Weight, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has upgraded Roku from Underweight to Equal-Weight and increased the price target from $50 to $72.
September 05, 2024 | 12:11 pm
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POSITIVE IMPACT
Wells Fargo has upgraded Roku's stock rating from Underweight to Equal-Weight and increased the price target from $50 to $72, indicating a more positive outlook on the company's stock performance.
The upgrade from Underweight to Equal-Weight by Wells Fargo suggests a more favorable view of Roku's stock, likely leading to increased investor confidence and potential stock price appreciation. The raised price target to $72 further supports this positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100