- The stock price of Roku Inc (NASDAQ: ROKU) has received a price target increase from $375 to $460 by Citi. These are the details.
The stock price of Roku Inc (NASDAQ: ROKU) has received a price target increase from $375 to $460 by Citi. And Citi analyst Jason Bazinet is also maintaining a “Buy” rating on the shares.
Bazinet noted that the acquisition of Quibi’s content will “almost certainly create value” for Roku shareholders. And Bazinet noted that Citi is encouraged that account growth through the end of 2020 is expected to continue in the year ahead. Plus the enterprise value per account is also expected to continue improving as well.
Through the deal, Roku is going to offer over 75 shows that Quibi created with studios and producers on the Roku Channel.
Disclosure: I have a small ROKU position in my stock portfolio.