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Why Roku's Stock Is Trading Higher Today

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Why Roku's Stock Is Trading Higher Today

Roku (NASDAQ: ROKU) shares are trading higher on Wednesday after Deutsche Bank initiated coverage on the stock with a Buy rating and a $185 price target.

Roku's TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news, and others. The operating segments of the company are Player and Platform.

It derives key revenue from the Player segment which consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website.

Roku's stock traded up 3.39% to $151.38 per share at the time of publication on Wednesday. The stock has a 52-week high of $176.55 and a 52-week low of $58.22.

Related Links:

Bullish Roku Analyst Weighs Coronavirus Impact, Says Platform Is 'Winning Aggregator' In Streaming

Here's How Much Investing $1,000 In Roku's 2017 IPO Would Be Worth Today

Latest Ratings for ROKU

DateFirmActionFromTo
Sep 2020KeyBancInitiates Coverage OnOverweight
Sep 2020Wells FargoInitiates Coverage OnOverweight
Aug 2020CitigroupInitiates Coverage OnBuy

View More Analyst Ratings for ROKU
View the Latest Analyst Ratings

 

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Posted-In: why it's movingPrice Target Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
BIIBRBC CapitalMaintains277.0
RLICompass PointInitiates Coverage On90.0
CSCOWolfe ResearchDowngrades42.0
NKEBarclaysMaintains132.0
GILDRBC CapitalMaintains86.0
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