Roku Stock Can Keep Climbing, This Analyst Says. It’s Not Because of Comcast Rumors.

By: Connor Smith

Roku stock got a bit of a boost amid speculation that is could be a potential acquisition target for Comcast. While Wall Street doesn’t think much of that news, an analyst at Macquarie thinks Roku is still undervalued.

Macquarie analyst Tim Nollen raised his price target on Roku stock (ticker: ROKU) to $485 from $400 in a note on Thursday. That implies 13% upside from Thursday’s close. Roku stock has rallied 49% from its levels ahead of earnings on May 6, when shares of pandemic favorites like Roku were selling off…read more.

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