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Roku (ROKU) Catches Eye: Stock Jumps 7.7%

Zacks Equity Research

Roku, Inc. ROKU was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 68% in the past one-month time frame.

The move came after an analyst upgraded the stock on bright prospects and also raised its target price.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Roku currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Roku, Inc. Price

Roku, Inc. Price

Roku, Inc. price | Roku, Inc. Quote

Investors interested in the Broadcast Radio and Television industry may consider The E.W. Scripps Company SSP, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is ROKU going up? Or down? Predict to see what others think: Up or Down

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E.W. Scripps Company (The) (SSP) : Free Stock Analysis Report
 
Roku, Inc. (ROKU) : Free Stock Analysis Report
 
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