TheMotleyFool · Dec 6, 2024, 15:00 · 1 min read

Why Roku Rallied 20% This Week

Shares of streaming device platform (NASDAQ: ROKU) rallied 19.5% through Thursday trading, according to data from S&P Global Market Intelligence.

This week, Roku didn't make any company-specific announcements. However, not one but two Wall Street analysts highlighted Roku as a potential buyout candidate.

Things got interesting for Roku right off the bat Monday, when analysts at Guggenheim pointed to the benefits of a potential tie-up between Roku and programmatic advertising superstar The Trade Desk (NASDAQ: TTD).

Source Fool.com

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