Analyst: Roku Will Be Bought for a "Large Premium"

Roku Inc (NASDAQ:ROKU) stock is 6% higher at the open, after Needham said it sees the streaming company being bought for a "large premium" within the next 12 months. The analyst in question maintained its "buy" rating and $100 price target on ROKU.Roku stock has now broken above$80, which has kept a lid on shares since mid-September. The equity is also on track to fully recover the 5.9% it's lost over the last three months, and has increased its year-to-date lead to more than 10%.Coming into today, the maj ...