Roku (ROKU) Surges 5.7%: Is This an Indication of Further Gains?

Roku (ROKU) shares rallied 5.7% in the last trading session to close at $74.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 24.8% gain over the past four weeks. Shares of Roku jumped after Wolfe Research analyst upgraded the stock's recommendation from Peer Perform (Hold) to Outperform (Buy), with a price target of $93, citing an improved outlook for the company's sales growth and profitability. Programma ...