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Roku, Inc. (ROKU) Looks Good: Stock Adds 9% in Session

Zacks Equity Research
Updated

Roku, Inc. ROKU was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.29 to $34.73 in the past one-month time frame.

The move came after the announcement of a partnership with ESPN, which will run its new EPSN+ program through the platform of Roku.

The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Roku. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Roku currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.  

Roku, Inc. Price

Roku, Inc. Price | Roku, Inc. Quote

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A better-ranked stock in the Broadcast Radio and Television industry is AMC Networks Inc. AMCX, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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