Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Roku Up as Citi Sees Growth Ahead; Netflix Also Higher

Published 08/26/2020, 01:14 PM
Updated 08/26/2020, 01:17 PM
© Reuters.

By Christiana Sciaudone

Investing.com --   Roku (NASDAQ:ROKU) rose 12% after Citi initiated the streaming company at a buy.

Roku should continue to benefit from active account growth and growing value per active account, CNBC Pro reported, citing Citi.

The bank initiated Roku with a price target of $180. Shares are trading at a record, above $165. The stock has 10 buy ratings, six holds and two sells, with an average price target of $159.94, with a high of $208. 

Netflix (NASDAQ:NFLX), which can be streamed via Roku, was up 11%, close to its record set in July. On Tuesday, Piper Sandler (NYSE:PIPR) said a survey showed Netflix leads all video services in subscribers' intent to keep subscriptions post-Covid (whenever that is), Seeking Alpha reported. The survey showed more than half of subscribers were willing to absorb a price increase. 

The stock has 21 buy ratings, 10 holds and five sells.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.