Why Roku Stock Jumped 21% in June
Shares of Roku (NASDAQ: ROKU) were moving higher last month after the streaming distribution leader announced a new integration with Amazon Ads, and its Roku-branded TVs took market share in May, according to third-party research.
According to data from S&P Global Market Intelligence, the stock finished the month up 21%, as it also benefited from a broader upswing in risk-on tech stocks toward the end of the month.
As you can see from the chart, the stock moved higher primarily in two stages.
Source Fool.com
Roku Stock
€77.91
0.950%
The stock is one of the favorites of our community with 50 Buy predictions and 3 Sell predictions.
As a result the target price of 86 € shows a slightly positive potential of 10.38% compared to the current price of 77.91 € for Roku.
