Royal Bank Of Canada Reaffirms “Sector Perform” Rating for Roku, Inc. (ROKU)
Roku, Inc. (NASDAQ:ROKU)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank Of Canada in a report issued on Monday. They currently have a $26.00 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 18.88% from the stock’s current price.
Separately, Morgan Stanley started coverage on shares of Roku in a research note on Monday. They issued an “equal weight” rating for the company.
Roku (ROKU) opened at 21.87 on Monday. The company has a 50-day moving average of $22.85 and a 200-day moving average of $22.85. Roku has a 52 week low of $15.75 and a 52 week high of $29.80. The firm’s market capitalization is $342.66 million.
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In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of Roku stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.00, for a total transaction of $96,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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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