Needham & Company LLC Begins Coverage on Roku, Inc. (ROKU)
Analysts at Needham & Company LLC assumed coverage on shares of Roku, Inc. (NASDAQ:ROKU) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $28.00 price target on the stock. Needham & Company LLC’s price target suggests a potential upside of 28.03% from the company’s previous close.
Several other research analysts also recently commented on ROKU. Morgan Stanley started coverage on Roku in a report on Monday. They issued an “equal weight” rating on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $26.00 price objective on shares of Roku in a research report on Monday.
Shares of Roku (NASDAQ ROKU) opened at 21.87 on Monday. Roku has a 52-week low of $15.75 and a 52-week high of $29.80. The company has a 50-day moving average price of $22.85 and a 200 day moving average price of $22.85. The firm’s market capitalization is $342.66 million.
In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $14.00, for a total value of $96,600,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Roku Company Profile
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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