1 Analyst Thinks It's Time to Buy Roku and The Trade Desk Stocks
Shares of Roku (NASDAQ: ROKU) and The Trade Desk (NASDAQ: TTD) are jumping in after-market hours on Thursday. As of 6:30 p.m. EDT, Roku was up 4.2% and The Trade Desk was up 2.3%. The gains come as RBC Capital analyst Mark Mahaney upgraded both stocks to outperform following a sell-off in their share prices in recent months.
The Trade Desk and Roku are both down about 35% from their 52-week highs achieved earlier this year. But both of their underlying businesses are booming, benefiting from a strong secular tailwind in streaming TV. Mahaney thinks it's time for investors to scoop up shares of these fast-growing companies at these lower prices.
Image source: Getty Images.
Source Fool.com
