Why Roku Stock Jumped on Thursday

Shares of streaming-TV platform company Roku (NASDAQ: ROKU) jumped on Thursday morning by as much as 5.2%. As of 1:30 p.m. EDT, the stock was trading 4.5% higher.

Those gains were likely driven primarily by one analyst's decision to significantly increase his price target for the stock. A bullish day in the broader market -- particularly for tech stocks -- may also be contributing. As of this writing, the S&P 500 was up 0.5%, and many growth stocks like Roku were up even more.

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Source Fool.com