Why Roku Stock Is Soaring Today
(NASDAQ: ROKU) stock is surging Wednesday. The streaming specialist's share price was up 9.2% as of 3:15 p.m. ET, and had been up as much as 10.5% earlier in the daily session.
Roku is getting a big boost from positive analyst coverage today. Guggenheim Securities published a note on the stock before the market open this morning, issuing a buy rating on the stock and raving about the business's outlook.
Guggenheim analyst Michael Morris thinks that 2025 is shaping up to be a great year for Roku and expects that the stock will be a winner, but he actually lowered his one-year price target on the stock from $115 per share to $110 per share today. On the other hand, the move was entirely driven by investors becoming more cautious with valuations on companies in the sector and had nothing to do with the outlook on business performance. The new price target still suggests additional upside of 36% for the stock.
Source Fool.com
Roku Stock
The stock is one of the favorites of our community with 48 Buy predictions and 2 Sell predictions.
At the moment Roku has reached the predicted target price of 93 €, with a current price of 92.74 €.
