Why Roku Stock Jumped 21% in June
Shares of Roku (NASDAQ: ROKU) were moving higher last month after the streaming distribution leader announced a new integration with Amazon Ads, and its Roku-branded TVs took market share in May, according to third-party research.
According to data from S&P Global Market Intelligence, the stock finished the month up 21%, as it also benefited from a broader upswing in risk-on tech stocks toward the end of the month.
As you can see from the chart, the stock moved higher primarily in two stages.
Source Fool.com
Roku Stock
€94.58
1.380%
With 48 Buy predictions and 2 Sell predictions Roku is one of the favorites of our community.
On the other hand, the target price of 93 € is below the current price of 94.58 € for Roku, so the potential is actually -1.67%.
