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Roku Updates
Most Wall Street analysts consider Roku (NASDAQ: ROKU) undervalued, with a median target price of $105 per share, suggesting a 28% upside from the current price of $82.
Roku remains the leading streaming platform in North America and has formed a new partnership with Amazon to enhance targeting for advertisers using its ad buying platform. This partnership aims to improve ad campaign accuracy by recognizing logged-in viewers across the Roku platform.
Several billionaire hedge fund managers have recently increased their stakes in Roku. For instance, Cliff Asness acquired 467,005 shares, while Stanley Druckenmiller bought 493,600 shares, starting a new significant position.
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