Why Roku Stock Popped Today
Shares of Roku (NASDAQ: ROKU) were surging today even as there was no major news out on the leading streaming distribution platform. Instead, investors seemed to be reacting to a number of smaller news items, including that Amazon was planning to launch an ad-based tier for Prime Video.
As of 1:52 p.m. ET, Roku stock was up 11.6% as of 1:53 p.m. ET.
Streaming stocks were up broadly today, possibly in response to rumors that the connected TV ad market was bouncing back in the second quarter, and as Netflix scored a pair of analyst upgrades that cheered the tailwinds from the leading streamer's "paid sharing" rollout and its growing ad business.
Source Fool.com
Roku Stock
€127.18
-0.490%
With 46 Buy predictions and 1 Sell predictions Roku is one of the favorites of our community.
On the other hand, the target price of 127 € is below the current price of 127.18 € for Roku, so the potential is actually -0.14%.
