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Macquarie upgrades Roku to ‘outperform’, raises PT to $130

Roku shares ended higher on Wednesday after getting an upgrade from Macquarie, whose analysts think the company can triple by 2022 (from 2019 guidance) because Netflix was able to do it. The firm also raised Roku's price target by $20 to $130, acknowledging that even though the competition is real (especially from Amazon), the playing field is big. Myles Udland and Akiko Fujita discuss the bullish call.