Macquarie Initiates Coverage on Roku (ROKU). What May be Next?

June 14, 2018 - By Ash Ash

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

Research analysts at Macquarie has begun coverage on Roku (ROKU) with a key Outperform rating. The target price per share for ROKU is set to $49. It gives a possible upside of 8.84 % from firm’s last stock 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 firm has “Equal-Weight” rating given on Tuesday, May 29 by Morgan Stanley. The rating was maintained by Needham on Friday, December 15 with “Buy”. RBC Capital Markets maintained Roku, Inc. (NASDAQ:ROKU) rating on Thursday, February 22. RBC Capital Markets has “Hold” rating and $45.0 target. The firm earned “Hold” rating on Thursday, May 10 by RBC Capital Markets. The company was downgraded on Friday, January 5 by Citigroup. The firm earned “Buy” rating on Thursday, April 19 by Needham. The firm earned “Buy” rating on Tuesday, May 1 by KeyBanc Capital Markets. The stock of Roku, Inc. (NASDAQ:ROKU) earned “Hold” rating by Citigroup on Tuesday, March 27. Morgan Stanley downgraded Roku, Inc. (NASDAQ:ROKU) on Thursday, January 4 to “Underweight” rating.

The stock increased 3.66% or $1.59 during the last trading session, reaching $45.02. About 17.06M 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: “Roku Inc Stock Makes for an Interesting Speculative Play” on June 05, 2018, also Nasdaq.com with their article: “Can Roku Stock Keep Going After Last Week’s 10% Pop?” published on May 28, 2018, Streetinsider.com published: “Cannonball Research Starts Roku Inc. (ROKU) at Buy” on June 14, 2018. More interesting news about Roku, Inc. (NASDAQ:ROKU) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Roku: Buy This Industry Disruptor” with publication date: June 14, 2018.

Roku, Inc. (NASDAQ:ROKU) Ratings Chart

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