Roku shares are trading higher after Wells Fargo upgraded the stock from Underweight to Equal-Weight and raised its price target from $50 to $72.
Portfolio Pulse from Benzinga Newsdesk
Roku shares increased following an upgrade by Wells Fargo from Underweight to Equal-Weight, with a price target raise from $50 to $72.
September 05, 2024 | 1:09 pm
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POSITIVE IMPACT
Roku's stock price is positively impacted by Wells Fargo's upgrade from Underweight to Equal-Weight and a price target increase from $50 to $72.
The upgrade by a major financial institution like Wells Fargo typically signals increased confidence in the stock, leading to a positive market reaction. The raised price target suggests potential for further price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100