RBC Capital Markets analyst Mark Mahaney upgraded Roku's rating to "outperform" from "sector perform," and boosted his price target to $155 from $107.
The analyst sees about 30% upside for the shares thanks to Roku's "favorable positioning as one of the best plays on ad-supported OTT."
Shares of Roku climbed as much as 6.8% on the news, bringing the stock's year-to-date rally to nearly 300%
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Roku's shares have surged almost 300% in 2019 — and they...
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