After Today’s Big Increase, Is Roku, Inc. (ROKU)’s Near-Term Analysis Positive?

April 17, 2018 - By Henry Gaston

The stock of Roku, Inc. (NASDAQ:ROKU) is a huge mover today! The stock increased 10.42% or $3.44 during the last trading session, reaching $36.46. About 12.38M shares traded or 203.39% up from the average. Roku, Inc. (NASDAQ:ROKU) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.
The move comes after 6 months positive chart setup for the $3.65 billion company. It was reported on Apr, 17 by Barchart.com. We have $37.55 PT which if reached, will make NASDAQ:ROKU worth $109.35 million more.

Analysts await Roku, Inc. (NASDAQ:ROKU) to report earnings on May, 16. After $0.06 actual EPS reported by Roku, Inc. for the previous quarter, Wall Street now forecasts -400.00 % negative EPS growth.

Roku, Inc. (NASDAQ:ROKU) Ratings Coverage

Among 6 analysts covering Roku (NASDAQ:ROKU), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Roku had 10 analyst reports since October 23, 2017 according to SRatingsIntel. Morgan Stanley maintained Roku, Inc. (NASDAQ:ROKU) on Thursday, November 9 with “Equal-Weight” rating. Needham maintained the stock with “Buy” rating in Monday, November 27 report. The rating was initiated by Oppenheimer with “Hold” on Monday, October 23. Oppenheimer upgraded the stock to “Hold” rating in Monday, March 19 report. The company was downgraded on Tuesday, November 14 by Oppenheimer.

Roku, Inc. primarily operates a TV streaming platform. The company has market cap of $3.65 billion. The Company’s platform allows users to discover and access a range of movies and TV episodes, as well as live sports, music, news, and others. It currently has negative earnings. As of June 30, 2017, the firm had approximately 13.3 million subscribers.

Roku, Inc. (NASDAQ:ROKU) Ratings Chart

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