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Rosenblatt Securities Thinks Roku’s Stock is Going to Recover

Rosenblatt Securities analyst Barton Crockett initiated coverage with a Buy rating on Roku (ROKUResearch Report) today and set a price target of $188.00. The company’s shares closed last Tuesday at $116.78, close to its 52-week low of $97.91.

According to TipRanks.com, Crockett is ranked #1543 out of 7928 analysts.

Currently, the analyst consensus on Roku is a Moderate Buy with an average price target of $181.40, which is a 65.7% upside from current levels. In a report issued on April 7, Berenberg Bank also maintained a Buy rating on the stock with a $200.00 price target.

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Roku’s market cap is currently $14.6B and has a P/E ratio of 63.03.

Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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