So What's Up With Roku Shares Today?

Roku Inc ROKU shares are trading higher by 4.76% to $92.74 Thursday afternoon amid a series of analyst rating updates. Evercore ISI maintained an Outperform rating on the stock but lowered its price target from $185 to $140. Citigroup maintained a Buy rating on the stock but lowered its price target from $175 to $165.

Roku shares have fallen 60.23% on a year-to-date basis amid overall market weakness following Federal Reserve policy tightening. Recent rate hikes have pressured stocks across sectors and driven a selloff in tech-related names. When interest rates rise, the value of future cash flows is reduced for growth stocks, which in turn lower the value of the stock.

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Roku is the leading streaming platform in the U.S. by hours watched.

According to data from Benzinga Pro, Roku has a 52-week high of $490.76 and a 52-week low of $72.63.