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ROKU
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145 days

Roku Stock Is Gaining Support. BofA Securities Says to Buy. - Barron's

1. BofA Securities reinstates ROKU coverage with a $100 price target. 2. Roku sees increased engagement as users move from traditional TV to streaming. 3. The number of active Roku accounts jumped to 90 million in 2024. 4. Roku's user engagement reached 127 billion hours in 2024. 5. Over 50% of analysts now rate ROKU as a Buy, up from last year.

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FAQ

Why Bullish?

The positive ratings from analysts and strong engagement metrics suggest growth potential. Historically, similar analyst upgrades have triggered upward price movements.

How important is it?

Upgrades and target price increases directly influence investor sentiment and buying decisions.

Why Short Term?

Analyst sentiments can lead to immediate stock price movements, especially following upgrades.

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