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Do Analysts Expect Roku Inc (ROKU) Stock to Rise After It Is Higher By 0.65% in a Month?

Monday, April 01, 2024 11:29 AM | InvestorsObserver Analysts

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Do Analysts Expect Roku Inc (ROKU) Stock to Rise After It Is Higher By 0.65% in a Month?

InvestorsObserver is giving Roku Inc (ROKU) an Analyst Rating Rank of 16, meaning ROKU is ranked higher by analysts than 16% of stocks. The average price target for ROKU is $84.125 and analyst’s rate the stock as a Buy.

Overall Score - 3.3
Wall Street analysts are rating ROKU a Buy today. Find out what this means to you and get the rest of the rankings on ROKU!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Roku Inc Stock Today?

Roku Inc (ROKU) stock is trading at $63.43 as of 11:18 AM on Monday, Apr 1, a decline of -$1.74, or -2.67% from the previous closing price of $65.17. The stock has traded between $63.39 and $65.45 so far today. Volume today is below average. So far 1,178,209 shares have traded compared to average volume of 7,075,346 shares. Click Here to get the full Stock Report for Roku Inc stock.

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