Roku Inc Surpasses Analyst Target Price: What’s Next for Investors?
Roku Inc (Symbol: ROKU) recently saw its shares trade above the average analyst 12-month target price of $81.59, reaching $83.00 per share. This milestone raises questions about potential analyst responses: will they downgrade based on valuation or raise their target price due to positive developments?
The average is informed by the opinions of 22 analysts in the Zacks coverage universe. While it offers a composite view, individual targets vary significantly. One analyst projects a price as low as $55.00, while another sees potential up to $105.00. Notably, the standard deviation among these targets is $12.901.
Understanding the average price target helps investors gauge the overall market sentiment rather than relying solely on one analyst’s opinion. With ROKU trading above the average target price, it prompts investors to consider whether this is a sign of further growth or an indicator that it’s time to cash out part of their investments. Below, we present a detailed breakdown of recent analyst ratings for Roku Inc:
| Recent ROKU Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 11 | 11 | 10 | 10 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 12 | 12 | 12 | 12 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.2 | 2.2 | 2.25 | 2.25 |
The average rating shown above uses a scale from 1 to 5, where 1 indicates Strong Buy and 5 indicates Strong Sell. This analysis is supported by data from Zacks Investment Research via Quandl.com. For the latest insights, you can access the Zacks research report on ROKU for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
