Why Analysts Are Bullish on Roku Despite a Disappointing Q4 Outlook

Key TakeawaysRoku shares rose Monday after Baird analysts upgraded the company's stock to "outperform" and raised their price target.The moves comes after Roku's recent forecast called for a wider fourth-quarter loss than analysts had anticipated.Baird said Roku could be positioned to take advantage of “increasingly favorable industry trends." Roku (ROKU) shares surged Monday after Baird analysts raised their rating for the streaming company's stock, despite a fourth-quarter forecast that underwhelmed inves ...