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ROKU
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Roku Stock Rises After Upgrade. This Big Shift Is Helping the Streamer's Shares. - Barron's

1. ROKU stock upgraded to Overweight by KeyBanc analyst Justin Patterson. 2. Patterson sets price target at $115, implying 30% upside potential. 3. Roku has increased 39% since mid-April amidst market recovery. 4. Partnerships with Amazon and The Trade Desk poised to boost ad revenues. 5. Analyst forecasts Roku's profitability by next year under GAAP.

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FAQ

Why Bullish?

The upgrade, positive price target, and partnerships signify strong potential growth; historically, analyst upgrades have often led to stock price increases.

How important is it?

The article outlines essential partnerships and an analyst upgrade likely to significantly influence investor sentiment and stock price.

Why Long Term?

As Roku solidifies its partnerships for ad revenue and reaches profitability, long-term growth should ensue; past examples include Netflix's transition to profitability during its expansion phase.

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