Roku (ROKU) Received its Third Buy in a Row

After Guggenheim and Oppenheimer gave Roku (NASDAQ: ROKU) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Barton Crockett maintained a Buy rating on Roku today and set a price target of $187.00. The company’s shares closed last Thursday at $91.63, close to its 52-week low of $83.72.

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 5.0% and a 52.6% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Lions Gate Entertainment Class B, and Live Nation Entertainment.

Roku has an analyst consensus of Moderate Buy, with a price target consensus of $170.35, representing a 97.9% upside. In a report issued on April 22, Wedbush also maintained a Buy rating on the stock with a $150.00 price target.

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Roku’s market cap is currently $12.4B and has a P/E ratio of 53.52.

Based on the recent corporate insider activity of 125 insiders, corporate insider sentiment is neutral on the stock.

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Founded in 2002 and based in California, Roku, Inc. is a television streaming platform. It operates through two business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.

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