Will Roku, Inc. (ROKU) Go Down Anytime Soon?

April 17, 2018 - By wolcottdaily

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 12.38 million 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. Oppenheimer initiated Roku, Inc. (NASDAQ:ROKU) on Monday, October 23 with “Hold” rating. The firm earned “Equal-Weight” rating on Thursday, November 9 by Morgan Stanley. As per Monday, March 19, the company rating was upgraded by Oppenheimer. The firm has “Underperform” rating by Oppenheimer given on Tuesday, November 14. The stock has “Buy” rating by Needham on Monday, November 27.

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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