JUMP REPORT
| Avg Daily Volume: 11,204,031 Market Cap: 11.39B Sector: None Short Interest: 10.4 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.22/share REV: 224.20/M
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LAST QTR: EPS: -.25/share ACTUAL: -.09/share (BEAT)
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NEXT QTR: EPS: -.28/share REV: 245.38/M
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FULL YR: EPS: -.57/share REV: 1,050/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 83% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 28.38, 26.1, -22.49
POTENTIAL JUMP MOVE: 15-20%
Links To Latest News and Headlines
Roku Channel’s strategic content, smart ads and user growth make Roku stock worth a watch amid hurdles in maintaining profitability and market share.
The smart-TV pioneer has been soaring since hitting an 18-month low last month.
Roku (ROKU) stock moves higher on Thursday after Wolfe Research’s analyst team upgraded the smart TV maker from Peer Perform to Outperform. Market Domination co-hosts Julie Hyman and Josh Lipton break down the analyst note around Roku’s stock. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Shares of streaming TV platform Roku (NASDAQ: ROKU) jumped 6% in the pre-market session after Wolfe Research analyst upgraded the stock from Peer Perform (Hold) to Outperform (Buy) and assigned a $93 price target. The price target implied a potential 25% upside from where shares traded before the upgrade was announced. The analyst added that “Amid industry and Roku-specific fears about connected TV, or CTV, ad sales, management’s rising focus on monetization supports acceleration and should bury
Wolfe Research upgraded Roku (NASDAQ: NASDAQ:ROKU) to Outperform from Peer Perform in a note Thursday, with a price target of $93, citing an improved outlook for the company’s sales growth and profitability. The firm acknowledged concerns surrounding connected TV (CTV) ad sales but said they believe Roku is positioned to accelerate its growth, benefiting from its leadership in the CTV space and a rising focus on monetization. “Roku’s fundamental risks are falling while its sales growth is poised to accelerate,” said Wolfe Research.
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
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