NASDAQ:ROKU - Nasdaq - US77543R1023 - Common Stock - Currency: USD
Roku (ROKU) reachead $80.21 at the closing of the latest trading day, reflecting a -1.33% change compared to its last close.
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In a welcome move, TV streaming Roku stock saw its Relative Strength (RS) Rating improve from 64 to 79 on Wednesday.
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At 5:31 a.m. ET, Dow E-minis were up 57 points, or 0.13%, S&P 500 E-minis were up 26 points, or 0.43% and Nasdaq 100 E-minis were up 177.75 points, or 0.82%. Netflix jumped 14.3% in premarket trading after reporting a record number of subscribers over the holiday quarter, enabling it to increase prices for most service plans. Other streaming firms such as Roku and Walt Disney added 1.3% and 4.2%, respectively.
Shares of streaming TV platform Roku (NASDAQ: ROKU) jumped 7.4% in the afternoon session after JMP initiated coverage on the stock with a Buy rating and a $95 price target. The firm highlighted ROKU's strong position as a "top streaming platform in the U.S." and also cited the potential for the company to benefit from increasing ad spend in the connected TV market.
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The firm believes Roku could be a major beneficiary from the rapidly growing advertising spend in connected TV, or CTV.
The firm believes Roku could be a major beneficiary from the rapidly growing advertising spend in connected TV, or CTV.
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In the latest trading session, Roku (ROKU) closed at $75.89, marking a +0.97% move from the previous day.
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