Stocks

Buy Roku, Growth to Come: Deutsche Bank By Investing.com

© Reuters.

By Christiana Sciaudone

Investing.com — Roku (NASDAQ:)’s rallying 4% after Deutsche Bank (DE:) said to take advantage of a recent dip in shares. 

The stock had dropped about 20% in March but growth continues to be strong, as does ad demand for connected TVs, the analyst said, according to Bloomberg. 

Roku jumped about 280% in 2020, one of the beneficiaries of the pandemic as we hunkered down at home and binge watched whatever we could get our hands on. The company has surprised the market, turning a profit the last two quarters when a loss was expected, and reporting better sales than estimated. 

About 70% of analysts say buy the stock, 25% say hold and 5% say sell, according to data compiled by Investing.com.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

Your Donation
Details

Source link

Back to top button