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Why Roku Stock Jumped Today

TheMotleyFool

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Shares of Roku (NASDAQ: ROKU) rose today after J.P. Morgan analyst Cory Carpenter initiated coverage of the company.

The tech stock spiked by as much as 7.4% today and was up by 5.6% as of 1:50 p.m. EST.

Carpenter started coverage of the video streaming platform company with a price target of $475 and noted that his positive sentiment toward Roku comes as the company is tapping into the shift from traditional pay-TV to video streaming.

Source Fool.com

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