Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.
Don't look to Wall Street analysts for any sort of consensus. Their price targets for the stock, which rose 3% on Thursday to close at $133.76, range from $80 to $185.
"Roku is now in the early stage of expanding its international presence, which we believe represents significant incremental value creation opportunity for the company and shareholders," Morris wrote. "We anticipate that the rate of growth in streaming video service penetration globally will outpace growth in the U.S. over the next 5-10 years, with all markets benefiting from robust, effective streaming connectivity and content interfaces.
Gould is also concerned about the trade war with China and the potential for rising tariffs, given that Foxconn builds Roku's devices. Roku highlighted the risk in its
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roku Sees Streaming Topping Pay-TV By 2024 But Stock Dives On Facebook, Comcast NewsRoku issued research Wednesday that forecasts TV viewing via streaming will exceed pay-TV viewing by 2024, but the company’s stock dropped sharply after Facebook and Comcast made streaming ne…
Read more »
Why Women Don't Purchase Enough Life Insurance...And Why They Need MoreTraditional methods of determining the amount of insurance needed is based solely on income. But our lives and roles in the family are worth so much more.
Read more »
Roku Launches New Streaming Devices, Doubles Down on Content CurationAs every year, Roku is going into the holiday shopping season with a handful of new devices: The company unveiled a revamped $30 entry-level Roku Express streaming device as well as new version of …
Read more »
Here are the biggest analyst calls of the day: Roku, Constellation Brands, Etsy & moreHere are the biggest calls on Wall Street on Friday
Read more »
Stocks making the biggest moves midday: FedEx, Roku, Chewy & moreCheck out the companies making headlines in midday trading.
Read more »