Is Roku (ROKU) a Buy or a Sell? What Does Macquarie Think?

June 14, 2018 - By Kenneth Lin

Why Has Macquarie Given Roku (ROKU) a $49 Price Target

Macquarie has just issued a “Outperform” rating for Roku (ROKU) shares. The firm has started coverage on shares of ROKU in a research report sent to clients and investors on 14 June. This price target would indicate upside of 8.84 % from the last price of Roku (ROKU).

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. As per Friday, December 15, the company rating was maintained by Needham. The company was upgraded on Tuesday, March 27 by Citigroup. The firm has “Hold” rating by RBC Capital Markets given on Thursday, May 10. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, February 22 report. The company was maintained on Thursday, April 19 by Needham. The rating was initiated by KeyBanc Capital Markets with “Buy” on Tuesday, May 1. Morgan Stanley downgraded Roku, Inc. (NASDAQ:ROKU) on Thursday, January 4 to “Underweight” rating. The firm has “Sell” rating by Citigroup given on Friday, January 5. On Tuesday, May 29 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”.

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 15, 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 earnings per share 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: Investorplace.com which released: “5 Top Stock Trades for Tuesday Morning” on June 11, 2018, also Nasdaq.com with their article: “Why Fitbit, Genworth Financial, and Roku Jumped Today” published on June 11, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. More interesting news about Roku, Inc. (NASDAQ:ROKU) were released by: Benzinga.com and their article: “Roku Customer Research Reinforces KeyBanc’s Bullish Stance” published on June 11, 2018 as well as Fool.com‘s news article titled: “Here’s How 10 Big IPOs Are Doing Now” with publication date: June 14, 2018.

Roku, Inc. (NASDAQ:ROKU) Ratings Chart

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