Is Macquarie Positive On Shares of Roku (ROKU)?

June 14, 2018 - By Louis Casey

Why Has Macquarie Given Roku (ROKU) a $49.0 Price Target

Stock analysts at Macquarie has begun coverage on Roku (ROKU) with a key “Outperform” rating. The TP for ROKU is set to $49.0. It suggests a possible upside of 140.43 % from firm’s last close price.

Roku, Inc. (NASDAQ:ROKU) Ratings Coverage

Among 6 analysts covering Roku Inc (ROKU), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Roku Inc has $50.0 highest and $28 lowest target. $37.67’s average target is -16.33% below currents $45.02 stock price. Roku Inc had 15 analyst reports since December 15, 2017 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, May 29. The stock of Roku, Inc. (NASDAQ:ROKU) has “Sell” rating given on Friday, January 5 by Citigroup. The stock of Roku, Inc. (NASDAQ:ROKU) has “Buy” rating given on Thursday, April 19 by Needham. RBC Capital Markets maintained the shares of ROKU in report on Thursday, February 22 with “Hold” rating. Citigroup upgraded the shares of ROKU in report on Tuesday, March 27 to “Hold” rating. The rating was downgraded by Morgan Stanley on Thursday, January 4 to “Underweight”. The rating was maintained by Needham on Friday, December 15 with “Buy”. The firm earned “Buy” rating on Tuesday, May 1 by KeyBanc Capital Markets. The stock of Roku, Inc. (NASDAQ:ROKU) has “Hold” rating given on Thursday, May 10 by RBC Capital Markets.

The stock increased 3.66% or $1.59 during the last trading session, reaching $45.02. About 17.06 million shares traded or 183.18% up from the average. Roku, Inc. (ROKU) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Roku, Inc. (NASDAQ:ROKU) to report earnings on August, 8. After $-0.07 actual EPS reported by Roku, Inc. for the previous quarter, Wall Street now forecasts 114.29 % negative EPS growth.

Roku, Inc. primarily operates a TV streaming platform. The company has market cap of $4.57 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.

More notable recent Roku, Inc. (NASDAQ:ROKU) news were published by: Fool.com which released: “Here’s How 10 Big IPOs Are Doing Now” on June 14, 2018, also Seekingalpha.com with their article: “Roku Beats, But The Story Is Bigger” published on June 11, 2018, Seekingalpha.com published: “Roku: Buy This Industry Disruptor” on June 14, 2018. More interesting news about Roku, Inc. (NASDAQ:ROKU) were released by: Nasdaq.com and their article: “Roku Inc Is Gearing Up for a Massive Breakout” published on June 07, 2018 as well as Benzinga.com‘s news article titled: “Roku Customer Research Reinforces KeyBanc’s Bullish Stance” with publication date: June 11, 2018.

Roku, Inc. (NASDAQ:ROKU) Ratings Chart

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