Today's Research Reports on Stocks to Watch: Roku and GoPro

NEW YORK, NY / ACCESSWIRE / November 28, 2017 / Shares of Roku (ROKU) have been on fire in the last month and Monday was no different. The stock closed with a gain of almost 18% after a Needham analyst raised her price target on the stock. Shares of GoPro (GPRO) also saw a slight gain despite no news. It was not too long ago that the camera maker had forecast dismal fourth quarter results and shares have been down over 20% this month.

RDI Initiates Coverage on:

Roku, Inc. (ROKU)
https://rdinvesting.com/news/?ticker=ROKU

GoPro, Inc. (GPRO)
https://rdinvesting.com/news/?ticker=GPRO

Roku, Inc. shares were on fire in Monday trading, closing the day up 17.86%. Trading volume at almost 19.5 million shares was also nearly double compared to usual. The stock soared after analyst Laura Martin of Needham, raised her price target on the stock from $28 to $50 and rated the stock with a "buy" rating. Martin wrote, "Like Netflix (NFLX), we view ROKU as a pure-play on over-the-top (OTT) TV-viewing growth, but ROKU has no content risk. Recent announcements and press reports that DIS, GOOG, AMZN, etc. are launching new OTT services helps ROKU but hurts NFLX." Martin is expecting the company to hit break-even in EBITDA in Q3 2018. This would be a quarter earlier than expected. In the last month, shares of Roku have soared nearly 150%.

Access RDI's Roku, Inc. Research Report at: https://rdinvesting.com/news/?ticker=ROKU

GoPro, Inc. shares closed up a modest 0.58% on Monday with a little over 3 million shares traded. There was no particular remarkable news from the company or about the company yesterday next to some Cyber Monday sales on the company's cameras. It was earlier in the month that the stock fell over 12% after announcing its third quarter financial results. The results were good but the company had also forecast poor guidance looking forward for the fourth quarter. For the third quarter, revenue at $329.8 million was a 37% year over year increase from the year ago quarter. Shipments also rose 12.4% year over year from 1.02 million units in the year ago quarter to 1.5 million in the third quarter of this year. The company posted EPS of 0.15, ahead of the $0.02 that analysts had been expecting. Analysts had also been expecting revenue of just $313 million. Shares of the stock have fallen over 20% so far this month.

Access RDI's GoPro, Inc. Research Report at: https://rdinvesting.com/news/?ticker=GPRO

Our Actionable Research on Roku, Inc. (ROKU) and GoPro, Inc. (GPRO) can be downloaded free of charge at Research Driven Investing.

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