Can Roku Stock Keep Going After Last Week's 16% Pop?
One of this month's biggest winners is Roku (NASDAQ: ROKU), soaring 16% last week and 89% for all of November. The stock's been on fire since the company posted game-changing third-quarter results in its first financial report as a public company.
Some reports earlier in the week credited the rally to a short squeeze, which is a possibility since 4.8 million shares of Roku, or roughly 30% of the public float, were sold short by the end of October. The stock had skyrocketed 70% a week earlier on the strong quarter, so it's not out of the question to think that short sellers were scrambling to cut their losses. However, the rally was cut short on Tuesday, when Oppenheimer downgraded the stock. The unflattering analyst call ate into most of Monday's 28% gain, but the stock would start moving higher again on Wednesday.
Source: Fool.com
Roku Stock
Our community is currently high on Roku with 27 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 78.26% compared to the current price of 52.17 € for Roku.
