U.S. Markets open in 1 hr 41 mins

Roku Stock Rises Because a Bullish Analyst Is Keeping the Faith

David Marino-Nachison

(ROKU) stock (ticker: ROKU) stopped its slide Thursday as a bullish analyst backed the streaming video company, setting the highest price target on Wall Street for the stock. Roku stock was recently up about 2% to $61.98, after falling nearly 15% on Wednesday. On Thursday, Needham analyst Laura Martin reiterated a Buy rating on the shares, boosting her price target on the stock to $85 from $65, calling Wednesday’s move “overdone.” FactSet’s average price target is around $67.