ROKU Stock Recent News

Michael Morris, Guggenheim senior managing director and equity analyst, joins 'Money Movers' to discuss Roku as the stock receives a buy upgrade from Guggenheim.

Roku Inc  (NASDAQ:ROKU) is up 9.1% to trade at $67.44 this morning, on track for its best single-session gain since November.

Guggenheim Securities upgraded Roku's rating to “Buy” from “Neutral” on Friday, with a new price target of $75, signaling a potential upside of 21.4% from the current trading price. Following this upgrade, Roku's shares were up by 4% in pre-market trading.

Roku stock has had a good run of late, rising by about 10% over the last five trading days. The stock also remains up by about 14% since its Q2 2024 earnings were published earlier this month.

ROKU's strong user base and platform leadership make the stock worth a watch despite significant hurdles in maintaining profitability and market share.

Block is a high-powered growth stock with a mix of modest and soaring valuation ratios. Roku's stock has fallen 87% from its all-time highs, but is still growing in a large global market.

This company's latest quarter shows that it's on solid footing, with strong growth and narrowing losses. Shares trade well below their historical average price-to-sales multiple.

Lower interest rates make it easier for firms to carry out acquisitions. That's because the lower rates enable them to borrow the funds they need to make big deals much more cheaply.

Roku's stock has fallen 45% year to date, despite the company's robust business growth. The company is showing strong growth in both devices and services, even with a plethora of competitors.

Roku reported strong growth due to a 20% increase in streaming hours and 14% growth in accounts. The streaming video platform is set to top the $1 billion quarterly sales milestone and is targeting accelerating growth heading into 2025. ROKU stock only trades at ~1x forward EV/S targets due in part to a massive cash balance.