Roku Stock – Buy Roku, Growth to Come: Deutsche Bank
By Christiana Sciaudone
Fintech Zoom — Roku (NASDAQ:)’s rallying 4% after Deutsche Bank (DE:) said to take advantage of a recent dip in shares.
The stock had dropped about 20% in March but growth continues to be strong, as does ad demand for connected TVs, the analyst said, according to Bloomberg.
Roku jumped about 280% in 2020, one of the beneficiaries of the pandemic as we hunkered down at home and binge watched whatever we could get our hands on. The company has surprised the market, turning a profit the last two quarters when a loss was expected, and reporting better sales than estimated.
About 70% of analysts say buy the stock, 25% say hold and 5% say sell, according to data compiled by Fintech Zoom.