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Why Roku Shares Rocked the Market Today

Why Roku Shares Rocked the Market Today

Investors were tuning in to Roku (NASDAQ: ROKU) on Monday, with the stock peaking at 4.7% over Friday's close; ultimately, it ended the day 3.9% higher. Loop Capital analyst Alan Gould lifted his price target on Roku stock to $475 per share from the previous $450. Gould was inspired by researcher Magna Global raising its estimate for 2021 worldwide advertising revenue, with anticipated 24% year-over-year growth in digital video ads.