Roku receives upgrade by Wolfe Research. Here's why

Roku (ROKU) stock moves higher on Thursday after Wolfe Research's analyst team upgraded the smart TV maker from Peer Perform to Outperform. Market Domination co-hosts Julie Hyman and Josh Lipton break down the analyst note around Roku's stock.

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This post was written by Luke Carberry Mogan.

Video Transcript

And then we got to talk about Wolf research upgrading Roku from pure perform to outperform those shares of more than 5.5%.

The note highlighting that the sales growth is poised to accelerate here.

This is the second upgrade for the stock in a week.

By the way, um Analyst Peter Sub Pino um at Wolf writing that the fundamental risks are falling while its sales growth is poised to accelerate is down about 19% year to date.

So coming in here and saying you should buy it after that decline, the price target at $93 from subpoena.

Yes.

Is the company rising, focus on monetization supports acceleration should bury the profitability debate.

Uh stocks multiple they talk about as well undervalues the company's free cash uh potential leadership position.

Uh As you said, second upgrade in short order uh stock as you know, not been working, but obviously someone on the street says, you know what this opportunity and you know what the other, who the other upgrade was from was from Steven Cahall over at Wells Fargo earlier in the week.

You know why he likes Roku, the Roku channel.

He says it continues to be a share gainer in TV time.

And we see upside as monetization improves.

Why not?