Roku Stock: Next Stop, $600?
We're spending a lot time streaming entertainment on our television these days, and for a lot of us Roku (NASDAQ: ROKU) has become the gateway to sticky engagement. The streaming video pioneer posted another blowout financial performance after Thursday's market close, and at least one analyst feels that the ceiling is now higher for the stock's trajectory.
Daniel Kurnos at Benchmark is boosting his price target on Roku from $410 to what is now a Street-high of $600. He was bullish before. He's naturally sticking to his buy rating on the shares now. Despite Roku's somewhat cautious guidance on how 2021 will play out, Kurnos feels that Roku's strong momentum and its tendency to offer up conservative outlooks will keep making the stock a winning investment. His new price target translates to 32% of upside from Thursday's close.
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Source Fool.com
