Roku(US:ROKU) ZACKS·2026-01-06 18:21Core Viewpoint - Roku (ROKU) has reached a significant support level and shows potential for investors from a technical perspective, indicating a short-term bullish trend after breaking through the 20-day moving average [1] Technical Analysis - The 20-day simple moving average indicates a positive trend when the stock price is above it, while a price below suggests a downward trend [2] - ROKU has moved 12.8% higher over the last four weeks, suggesting it may be on the verge of another rally [2] Earnings Estimates - Positive earnings estimate revisions strengthen the bullish case for ROKU, with one revision higher for the current fiscal year and no revisions lower, leading to an upward movement in the consensus estimate [3] - The combination of positive technical factors and earnings estimate revisions suggests that ROKU may present further gains in the near future [3]