Roku stands to triple its user base in the next three years by expanding into international markets, while benefiting from "powerful growth" in connected TV devices and advertising, Macquarie analysts said in a note to clients. The firm projects Roku could reach 72 million users in 2022, up from the 30.
Macquarie upgraded Roku stock to outperform from neutral and hiked its price target to $130 from $110. Roku is primarily known for its set-top boxes, which aggregate TV shows and movies from a variety of content makers. The company also licenses its technology to TV manufacturers who install it into smart TV models. Last month, Rokuin 2019 and have risen nearly 14% in the past three months. Meanwhile, Netflix's stock has suffered, with shares down 29.5% in the previous three months.
I have a feeling that Roku is going to do well due to the streaming wars. They’ve remained neutral. Apple TV won’t carry Netflix app and Amazon Firestick won’t carry Disney + app. Roku will carry all the Apps. So, hi ho hi ho, it’s off to Roku we go.
roku is boomer garbage
Yeah won't change from Netflix to Roku anytime soon I'm a spoiled brat as my mom pays for my Netflix even though I live on my own so like um no thanks!
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Source: CNBC - 🏆 12. / 72 Read more »
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