Needham names Roku its top pick for 2019 and sees 41% upside potential
Roku, Inc. (ROKU) is up 4.7% Thursday morning. The stock is building on Wednesday’s big move after analysts at Needham named the stock its top pick for 2019. Needham analyst Laura Martin set a $45 price target on the stock. With ROKU trading at $31.77 the price target suggests the stock has an additional 41 percent upside potential.
Roku, Inc. (ROKU) operates a streaming TV platform.
JD.com, Inc. (JD) and Kinross Gold Corporation (KGC) top the list of other companies with positive news today, while Exxon Mobil Corporation (XOM) and JPMorgan Chase & Co. (JPM) top the list of companies with negative news.
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About Roku Inc.
Roku Inc operates TV streaming platform in the United States. Its TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news, and others. The operating segments of the company are Player and Platform. It derives key revenue from the Player segment which consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website. Platform segment consists of fees received from advertisers and content publishers, and from licensing the company's technology and proprietary operating system with TV brands and service operators.