What Happened With Roku Stock Today?
Portfolio Pulse from Erica Kollmann
Roku Inc. (NASDAQ:ROKU) shares rose after Macquarie analyst Tim Nollen increased the stock's price target from $72 to $90. The analyst highlighted Roku's growing TV time share, new Ads Manager tool, and potential revenue growth from subscription price increases on hosted streaming services.
October 03, 2024 | 8:43 pm
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POSITIVE IMPACT
Roku's stock rose as Macquarie raised its price target to $90, citing increased TV time share, a new Ads Manager tool, and revenue growth from streaming service price hikes.
The analyst's price target increase and positive outlook on Roku's revenue growth and new product offerings are likely to boost investor confidence, leading to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100