Is Buying Roku, Inc. (ROKU) Here a Winning Strategy?

April 17, 2018 - By Nellie Frank

The stock of Roku, Inc. (NASDAQ:ROKU) is a huge mover today! The stock increased 10.42% or $3.44 during the last trading session, reaching $36.46. About 12.38M shares traded or 203.39% up from the average. Roku, Inc. (NASDAQ:ROKU) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.
The move comes after 6 months positive chart setup for the $3.65 billion company. It was reported on Apr, 17 by We have $37.55 PT which if reached, will make NASDAQ:ROKU worth $109.35 million more.

Analysts await Roku, Inc. (NASDAQ:ROKU) to report earnings on May, 16. After $0.06 actual EPS reported by Roku, Inc. for the previous quarter, Wall Street now forecasts -400.00 % negative EPS growth.

Roku, Inc. (NASDAQ:ROKU) Ratings Coverage

Among 6 analysts covering Roku (NASDAQ:ROKU), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Roku had 10 analyst reports since October 23, 2017 according to SRatingsIntel. Needham maintained Roku, Inc. (NASDAQ:ROKU) on Monday, November 27 with “Buy” rating. On Monday, October 23 the stock rating was initiated by Oppenheimer with “Hold”. The stock has “Hold” rating by Oppenheimer on Monday, March 19. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, November 9. The firm has “Underperform” rating given on Tuesday, November 14 by Oppenheimer.

Roku, Inc. primarily operates a TV streaming platform. The company has market cap of $3.65 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.

Roku, Inc. (NASDAQ:ROKU) Ratings Chart

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