Roku (ROKU) Reaching An Inflection Point; Macquarie Initiates Shares At “Outperform” with $49.0 target

June 14, 2018 - By Harriett Tippett

Why Has Macquarie Given Roku (ROKU) a $49.0 Price Target

Macquarie analyst has begun coverage with a “Outperform” rating on Roku (ROKU) today and set a price target of $49.0. The company’s shares opened today at 45.02.

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. Morgan Stanley downgraded Roku, Inc. (NASDAQ:ROKU) on Thursday, January 4 to “Underweight” rating. The firm earned “Hold” rating on Tuesday, March 27 by Citigroup. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, May 1. The rating was maintained by RBC Capital Markets on Thursday, May 10 with “Hold”. The firm earned “Hold” rating on Thursday, February 22 by RBC Capital Markets. Needham maintained it with “Buy” rating and $50.0 target in Friday, December 15 report. The stock of Roku, Inc. (NASDAQ:ROKU) has “Equal-Weight” rating given on Tuesday, May 29 by Morgan Stanley. The firm has “Buy” rating given on Thursday, April 19 by Needham. The rating was downgraded by Citigroup to “Sell” on Friday, January 5.

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 14, 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: Nasdaq.com which released: “Roku Inc Is Awakening — Buy It” on June 06, 2018, also Seekingalpha.com with their article: “Roku Beats, But The Story Is Bigger” published on June 11, 2018, Fool.com published: “Here’s How 10 Big IPOs Are Doing Now” on June 14, 2018. More interesting news about Roku, Inc. (NASDAQ:ROKU) were released by: Nasdaq.com and their article: “Can Roku Stock Keep Going After Last Week’s 10% Pop?” published on May 28, 2018 as well as Benzinga.com‘s news article titled: “Roku Customer Research Reinforces KeyBanc’s Bullish Stance” with publication date: June 11, 2018.

Roku, Inc. (NASDAQ:ROKU) Ratings Chart

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