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Here's Why Roku Stock Popped Today

TheMotleyFool

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Roku (NASDAQ: ROKU) climbed on Tuesday after a respected analyst issued an optimistic forecast for its shares. As of 1:30 p.m. EDT, the streaming media platform's stock price was up more than 7%.

Evercore ISI analyst Mark Mahaney expects Roku's stock to outperform the market in the year ahead, during which he sees its share price rising to $400. If Mahaney's correct, Roku's investors could enjoy returns of roughly 13%, based on the stock's current price near $353.

More gains lie ahead for Roku's shareholders, according to Evercore's analysts. Image source: Getty Images.

Source Fool.com

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