Roku Inc (ROKU) shares are surging in Monday's pre-market trading, with the stock price soaring 6.60%. This significant uptick comes on the heels of a bullish analyst report from Robert W. Baird.
Analyst Vikram Kesavabhotla from Robert W. Baird has reaffirmed a Buy rating on Roku stock, setting a price target of $90.00. This vote of confidence from a respected financial institution appears to be driving investor optimism. Analyst ratings and price targets often have a substantial impact on stock performance, particularly when they come from well-regarded firms. The maintained Buy rating suggests that Robert W. Baird sees potential for further growth in Roku's business model and market position.
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