Research analysts at CIBC initiated coverage on shares of Roku, Inc. (NASDAQ:ROKU) in a research note issued to investors on Monday. The brokerage set a “market perform” rating on the stock.

ROKU has been the topic of several other research reports. Needham & Company LLC began coverage on shares of Roku in a report on Monday. They issued a “buy” rating and a $28.00 price target on the stock. Royal Bank Of Canada began coverage on shares of Roku in a report on Monday. They issued a “sector perform” rating and a $26.00 price target on the stock. Oppenheimer Holdings, Inc. began coverage on shares of Roku in a report on Monday. They issued a “market perform” rating on the stock. Morgan Stanley began coverage on shares of Roku in a report on Monday. They issued an “equal weight” rating on the stock. Finally, Citigroup Inc. began coverage on shares of Roku in a report on Monday. They issued a “neutral” rating and a $24.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Roku (NASDAQ:ROKU) opened at 21.87 on Monday. The firm’s market cap is $342.66 million. The company has a 50 day moving average of $22.85 and a 200-day moving average of $22.85. Roku has a one year low of $15.75 and a one year high of $29.80.

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In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About Roku

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.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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