Economy Roku shares on Q4 print after initial rally, but...

Roku shares on Q4 print after initial rally, but analysts optimistic

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Investors bought the fourth-quarter result that was better than expected print from Roku Inc. (NASDAQ: ROKU), but the streaming company’s presentation couldn’t hold their interest for a second day as the stock returned earnings on Friday. “data-reactid =” 18 “> Investors bought on the better-than-expected fourth quarter earnings printout of Roku Inc. (NASDAQ: ROKU), but the streaming company’s show couldn’t hold their interest for a second day as the stock returned earnings on Friday.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Still, analysts like Rocus positioning as sorting – at least one suggested that the stock – which has already risen 160% in the past 12 months – could go up as soon as Disney + service from Walt Disney Co. (NYSE: DIS) starts in Europe at the end of March. “data-reactid =” 19 “> Analysts like Roku’s positioning as a sort of aggregator for streaming services and at least one suggested the stock – already 160% over the past 12 months – could go higher than Disney + service from Walt Disney Co. (NYSE: DIS) starts in Europe in late March.

Olivetree’s financial sector strategist, Dan Forman, praised Roku’s Thursday pressure for a 71% year-over-year increase in platform segment sales, which reached a record high of almost $ 260 million, and strong revenue growth in the player segment that also met expectations exceeded.

Could Roku hit $ 170?

“The quarterly mix was less robust than we would have liked, but we are still happy with the result given our price assessment and see the launch of DIS EU as the next catalyst to consider,” said Forman in a Friday note, Olivetree added that the stock may target $ 170.

Roku’s share price on Friday was volatile and started with a steady rise in earnings that started after the closing price of $ 139.05 on Thursday and rose just below $ 150 before falling back to almost $ 130.

The move reflected the up and down performance of the stock since the beginning of the year.

Big year for Roku

It was a big year for Roku, when the stock rose about 160% from just over $ 50 last February.

As a service that allows viewers to watch content from other streamers rather than from a focused content creator itself, Roku may be more represented than other companies that actually have to produce the programming as the number of streaming services increases ,

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Show more earnings on ROKU“data-reactid =” 28 “> Show more earnings on ROKU

“They have had an incredible year and it looks like they will continue to build on it,” said TD Ameritrade’s Shawn Cruz.

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“The advantage for them is that companies like Roku benefit when the streaming cake grows.”

Roku price promotion

The stock fell 5.84% to USD 130.93 at the time of publication on Friday.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Related links:“data-reactid =” 33 “>Related links:

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Disney is now officially Netflix’s biggest problem and another friend of Roku“data-reactid =” 34 “>Disney is now officially Netflix’s biggest problem and another friend of Roku

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Streaming now accounts for 20% of television, with Netflix at the top“data-reactid =” 35 “>Streaming now accounts for 20% of television, with Netflix at the top

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Photo courtesy of Roku.“data-reactid =” 36 “>Photo courtesy of Roku.

Latest reviews for ROKU

datefirmactionOfTo
February 2020caresNeutral
February 2020Repeatedto buy
December 2019caresto buy

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Show more analyst ratings for ROKU
View the latest analyst reviews “data-reactid =” 40 “> View more analyst reviews for ROKU
View the latest analyst ratings

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "See more from Benzinga“data-reactid =” 41 “>See more from Benzinga

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "© 2020 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.“data-reactid =” 44 “>© 2020 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.

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