3 Reasons Roku Shares Could Still Climb Higher
Shares of Roku (NASDAQ: ROKU) have soared in recent weeks, quickly approaching the all-time highs the stock reached last year. While Roku has seen an influx of video-streaming activity on its platform amid the COVID-19 pandemic, it's also facing a significant downturn in ad spending, which makes up the bulk of its platform revenue. Benchmark analyst Daniel Kurnos recently pointed out two of them -- recovering ad sales and relatively weak competition -- in a note to investors in which he increased his price target for the stock to $180.
