Roku And Netflix Stocks Jump On Wall Street Analysts’ Streaming Optimism
Dade Hayes Finance EditorRoku stock rose 11% to near an all-time high after Citibank analyst Jason Bazinet initiated coverage of the streaming firm with a “buy” rating and an optimistic thesis.Netflix shares also jumped 10% on a Piper Sandler report indicating a high degree of subscriber loyalty. They entered the final hour of the trading day at about $538 a share.Roku shares, which have seen volatility in 2020 after beginning the year at $137.10, were at $164, within sight of their all-time high of $176.55.The streaming gains stood out during a trading session where overall stocks were only mildly in positive territory.