Loop Capital Markets Keeps Their Hold Rating on Roku (ROKU)

In a report released today, Alan Gould from Loop Capital Markets maintained a Hold rating on Roku (ROKU – Research Report), with a price target of $70.00. The company’s shares closed yesterday at $62.81.

Gould covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Comcast, and Gray Television. According to TipRanks, Gould has an average return of 4.3% and a 52.56% success rate on recommended stocks.

In addition to Loop Capital Markets, Roku also received a Hold from Citi’s Jason Bazinet in a report issued yesterday. However, today, Wells Fargo assigned a Sell rating to Roku (NASDAQ: ROKU).

The company has a one-year high of $108.84 and a one-year low of $51.62. Currently, Roku has an average volume of 5.73M.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ROKU in relation to earlier this year. Most recently, in February 2024, Anthony J. Wood, the CEO and Chairman BOD of ROKU bought 138,580.00 shares for a total of $7,745,159.16.

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Roku (ROKU) Company Description:

Founded in 2002 and based in California, Roku, Inc. is a television streaming platform. It operates through two business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.