Roku Message Board - Msg: 31736944

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Technology Stocks : Roku

ROKU 108.63

+2.4%

Nov 3 9:30 AM EST

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To: Glenn Petersen who wrote (12)	8/9/2018 10:03:50 AM
From: zax	of 94

Roku 55.78 +8.53* (+18.05%)* Roku target raised to $67 at KeyBanc after earnings Shares of Roku Inc. (roku) are up 10.5% in premarket trading Thursday after the company reported better-than-expected results and announced the launch of a new ad-supported web channel. KeyBanc Capital Markets analyst Evan Wingren upped his price target on the stock to $67 from $50 following the Wednesday afternoon earnings report and announcement regarding the Roku Channel. "The expansion of The Roku Channel (TRC) has potential to be transformative long term," Wingren wrote. "In theory, the channel could expand to all platforms globally, in which case it would look less like an OTT [over-the-top] app tethered to the Roku platform, and more like a ubiquitous ad-supported streaming service. The valuation likely to be commanded by this ultimate organic opportunity is high, particularly given the larger TAM [total addressable market] active accounts and advertising dollars." Read the full article here: marketwatch.com

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