Roku soars 18% after a Wall Street analyst says it could compete with Netflix (ROKU, NFLX)

Shares of Roku climbed 18.42% Monday, closing at $47.64, nearing an all-time high for the streaming device maker that went public just two months ago.

The price pop came just hours after Needham analyst Laura Martin gave the stock a price target of $50 — 10% above Wall Street’s consensus target of $45, according to Bloomberg data.

Source: Roku soars 18% after a Wall Street analyst says it could compete with Netflix (ROKU, NFLX)

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