Reaffirmed: Roku (ROKU) “Outperform” Rating Kept by Analysts at Oppenheimer; $59 Target in Place

August 10, 2018 - By Billy Entrekin

Roku (ROKU) Rating Reaffirmed

Recently, In a research report made public on Thursday morning, Roku (ROKU) shares have had their “Outperform” Rating maintained by research analysts at Oppenheimer, who currently has a $59 target price per share on firm. This target by Oppenheimer gives the possibile upside of 2.41 % from the previous stock close.

Roku, Inc. (NASDAQ:ROKU) Ratings Coverage

Among 8 analysts covering Roku (ROKU), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Roku has $67 highest and $28 lowest target. $48.13’s average target is -16.46% below currents $57.61 stock price. Roku had 18 analyst reports since February 22, 2018 according to SRatingsIntel. Citigroup upgraded the stock to “Hold” rating in Tuesday, March 27 report. The stock of Roku, Inc. (NASDAQ:ROKU) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, August 9. The rating was upgraded by Morgan Stanley on Tuesday, May 29 to “Equal-Weight”. The firm has “Buy” rating given on Tuesday, May 1 by KeyBanc Capital Markets. On Thursday, August 9 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Hold” rating by RBC Capital Markets on Thursday, February 22. Needham maintained the stock with “Buy” rating in Thursday, April 19 report. The company was maintained on Thursday, August 9 by Oppenheimer. Oppenheimer upgraded Roku, Inc. (NASDAQ:ROKU) on Tuesday, July 3 to “Outperform” rating. The firm earned “Hold” rating on Thursday, May 10 by RBC Capital Markets.

The stock increased 0.51% or $0.29 during the last trading session, reaching $57.61. About 4.80 million shares traded. Roku, Inc. (ROKU) has 0.00% since August 10, 2017 and is . It has underperformed by 12.57% the S&P500.

Roku, Inc. primarily operates a TV streaming platform. The company has market cap of $5.85 billion. The Company’s platform allows users to discover and access a range of movies and TV episodes, as well as live sports, music, news, and others. It currently has negative earnings. As of June 30, 2017, the firm had approximately 13.3 million subscribers.

More notable recent Roku, Inc. (NASDAQ:ROKU) news were published by: Nasdaq.com which released: “Why Roku, Inc. Stock Popped Thursday” on August 09, 2018, also Nasdaq.com with their article: “Roku Stock Has a Lot to Prove on Wednesday” published on August 06, 2018, Seekingalpha.com published: “The Dead Stocks Are Coming Back – Cramer’s Mad Money (8/9/18)” on August 10, 2018. More interesting news about Roku, Inc. (NASDAQ:ROKU) were released by: Nasdaq.com and their article: “5 Top Stock Trades for Friday — Buy Yelp, Roku After Earnings Surge?” published on August 10, 2018 as well as Seekingalpha.com‘s news article titled: “Roku: Riding The Wave Of The OTT Revolution” with publication date: August 05, 2018.

Roku, Inc. (NASDAQ:ROKU) Ratings Chart

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