Even With Apple TV+, Roku Can Thrive

KeyBanc Capital Markets analyst Evan Wingren raised his price target for Roku (NASDAQ: ROKU) stock to $76, up from $63, over the weekend. "We recommend owning ROKU. We see it as a unique platform play on the growth in long-form, streaming video, with a strong competitive position and improving fundamentals," said Wingren (via Barron's). In addition, Wingren noted that Apple's […]

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Why Express, Roku, and Insys Therapeutics Slumped Today

The stock market has been moving sharply higher lately, and Wednesday was no exception. A 0.6% gain for the Dow Jones Industrial Average matched well with similar-sized jumps in other major indexes, with investors taking comfort from encouraging readings on the macroeconomic front. Yet even though much of the market continued to build on gains from earlier in the week, […]

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Roku Plans to Hit $1 Billion in Sales This Year

Streaming-TV platform Roku(NASDAQ: ROKU) reported fourth-quarter earnings results on Thursday, and investors were clearly impressed. The company's core operating metrics continued to march in the right direction, while the advertising business is putting up strong growth. Some of that was already known, as Roku had disclosed preliminary estimates on active accounts and hours streamed in early January. Thanks to executing […]

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Roku Is Getting Into Premium Subscriptions

Subscriptions are a modest part of Roku's (NASDAQ: ROKU) platform business, with the company keeping a 20% cut of subscription and a-la-carte transactions. The bulk of platform revenue has always been advertising. The Roku Channel, which launched in late 2017, is an incredibly important first-party ad-supported channel. But Roku is now getting into the premium subscription business. Continue Reading Below […]

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Buy Roku on the Dip: Wedbush

Shares of video streaming industry player Roku Inc. (ROKU), down more than 25% off highs reached in October, are currently a steal for tech investors seeking to get in on a major consumer internet trend, according to one team of bulls on the Street.  Roku Core Platform, Smart TVs, Ads, Roku Channel, to Drive Double-Digit Upside In a note to clients […]

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Why Movado Group, Roku, and American Eagle Outfitters Slumped Today

Wall Street had another summer celebration on Wednesday, as the S&P 500 and Nasdaq Composite once again set records. Most investors attributed the gains to a 4.2% rise in gross domestic product during the second quarter, which was slightly faster than the initial estimate on GDP had suggested last month. Yet even with a favorable attitude prevailing throughout most of […]

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Amazon Planning a Roku Competitor: Report

Amazon.com Inc. (AMZN) is set to launch a free, ad-supported video service for Fire TV users, according to The Information. People familiar with the matter said the new service is being developed by Amazon’s IMDB subsidiary and will be called Free Drive. The online retailer is reportedly working with studios to license older TV shows for Free Drive, which sources described as […]

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