Roku Inc (ROKU) shares are soaring in Monday's pre-market trading, jumping 6.60% following a positive analyst report. The streaming platform provider's stock is seeing significant interest from investors after Robert W. Baird reiterated its Buy rating on the company.
In a report released early Monday, Robert W. Baird analyst Vikram Kesavabhotla maintained a Buy rating on Roku, setting a price target of $90.00. This vote of confidence from a respected financial firm appears to be driving the stock's upward movement, as investors react to the bullish sentiment.
While the analyst's positive stance is likely a key factor in Roku's pre-market surge, it's important to note that other market forces or company-specific news may also be contributing to the stock's performance. As always, investors are advised to conduct their own research and consider multiple factors when making investment decisions.
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