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Abhoy Sarkar's Avatar
published in Blogs
Nov 16, 2019

Roku (ROKU, $157.30) gets price target hike from Bank of America Merrill Lynch, on product deals

Roku got a price target hike from Bank of America Merrill Lynch.

Analysts at the bank raised their price target on the video streaming platform’s shares to $160 from $150.  Analyst Ziv Israel indicated that lower device average selling prices and new smart TV offerings imply a solid outsize growth for the fourth quarter.

Roku recently announced shopping deals including $30 discount on the Roku Smart Soundbar, which will then retail for $150 between Nov. 24 and Dec. 7;  the Roku Streaming Stick+ to retail for $30 (after a $20 cut) between Nov. 24 and Dec. 2.; Roku Ultra, whose price will be slashed by half to $50 between Nov. 28 and Dec. 2. 

 

Related Ticker: ROKU

ROKU in +1.42% Uptrend, growing for three consecutive days on June 01, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ROKU advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ROKU's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on ROKU as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ROKU just turned positive on May 22, 2023. Looking at past instances where ROKU's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ROKU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ROKU entered a downward trend on May 26, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ROKU’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.232) is normal, around the industry mean (4.164). P/E Ratio (66.667) is within average values for comparable stocks, (73.786). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.625). ROKU has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.059). P/S Ratio (2.595) is also within normal values, averaging (111.483).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ROKU’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Paramount Global (NASDAQ:PARA), Roku (NASDAQ:ROKU), iQIYI (NASDAQ:IQ), AMC Entertainment Holdings (NYSE:AMC), HUYA (NYSE:HUYA).

Industry description

Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.

Market Cap

The average market capitalization across the Movies/Entertainment Industry is 6.59B. The market cap for tickers in the group ranges from 134 to 179.21B. NFLX holds the highest valuation in this group at 179.21B. The lowest valued company is LRDG at 134.

High and low price notable news

The average weekly price growth across all stocks in the Movies/Entertainment Industry was 1%. For the same Industry, the average monthly price growth was -8%, and the average quarterly price growth was 6%. TRMND experienced the highest price growth at 98%, while DTTVY experienced the biggest fall at -50%.

Volume

The average weekly volume growth across all stocks in the Movies/Entertainment Industry was 2%. For the same stocks of the Industry, the average monthly volume growth was 19% and the average quarterly volume growth was -24%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 62
Price Growth Rating: 55
SMR Rating: 85
Profit Risk Rating: 89
Seasonality Score: 0 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of applications for digital media

Industry MoviesEntertainment

Profile
Fundamentals
Details
Industry
Electronics Or Appliances
Address
1155 Coleman Avenue
Phone
+1 408 556-9040
Employees
3600
Web
https://www.roku.com
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ROKU and

Correlation & Price change

A.I.dvisor indicates that over the last year, ROKU has been loosely correlated with WBD. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if ROKU jumps, then WBD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ROKU
1D Price
Change %
ROKU100%
+0.60%
WBD - ROKU
55%
Loosely correlated
+0.62%
NFLX - ROKU
54%
Loosely correlated
+2.00%
PARA - ROKU
54%
Loosely correlated
+1.18%
PARAA - ROKU
53%
Loosely correlated
+1.31%
AMCX - ROKU
53%
Loosely correlated
+0.88%
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