General Malaise
Footballguy
Why is Roku up 9% today? I can’t find any news, unless my news feed is broken.
Roku breaks above $100 for the first time since June 2022 following an analyst upgrade today
12:12 PM ET, 11/27/2023 - Briefing.com
Incorporating today's outsized gains following an analyst upgrade at Cannonball Research, shares of Roku (ROKU +7%) have surged over +70% during November, returning to over $100 per share for the first time since June 2022.
Briefing.com notes that ROKU's upbeat Q4 guidance on November 1 was pivotal to its breath-taking rise. The underlying factor in the streaming software and hardware supplier's uplifting Q4 outlook was a stabilizing video advertisement market, projecting a similar yr/yr growth rate of video ads in Q4 as it saw in Q3. While ROKU is still cautious given the numerous macroeconomic uncertainties, it may be amid a much more sizeable turnaround, especially given that shares are still roughly 80% below all-time highs posted in late 2021.
Such a great movie.