Will Roku Shares Hit $200 in 2020?
One of Roku's (NASDAQ: ROKU) earliest and most accurate bulls is lifting her price target on the streaming video pioneer. Needham analyst Laura Martin is boosting her goal on the shares from $150 to a Street high of $200. This isn't the first time that she set the highest ceiling on Roku, as she was the first one at $150 when she established that as her target this summer.
Roku has done a lot of ceiling busting this year. The stock has soared nearly fivefold in 2019, making it the top gainer among companies commanding market caps north of $10 billion. Martin has been a steady bull on the shares since shortly after its 2017 IPO. Having an upbeat outlook on Roku wasn't fashionable at the time, and when she set a Street high of $50 on the stock later that year, the noted worrywarts at Citron Research blasted her bullish prognosis as irresponsible.
She's been right so far, and if things continue to go well for Roku and its shareholders, it wouldn't be a surprise if she's the one planting the flag on $250 as a price target at some point next year.
Source Fool.com
