ROKU Stock Price: $367 Target (Down From $480) By Truist

By Amit Chowdhry ● Mar 31, 2021
  • The stock price of Roku (NASDAQ:ROKU) has received a price target decrease from $480 to $367. These are the details.

The stock price of Roku (NASDAQ:ROKU) has received a price target decrease from $480 to $367. And Truist Securities analysts upgraded the shares from a “Hold” to a “Buy” rating.

The price target was adjusted after the company stock dropped in recent weeks due to investors favoring reopening trades. Truist Securities analyst Matthew Thornton pointed out a few catalysts that are expected to drive up Roku’s stock price this year.

For example, Roku will see an uptick due to its ongoing international expansion, especially in the UK and Brazil. And Roku is also going to benefit from a recent deal to buy the Advanced Video Advertising from Nielsen Holdings.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.