- 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.
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