Roku has jump over 5% after investment bank, Macquarie expects the company to have Netflix-like growth in the coming years. Roku stands to double or even triple it’s user base in 2-3 years by expanding into international markets with tremendous growth.
Macquarie expects Roku to reach over 70 million active users by 2022. Currently their userbase sits at around 31 million active users. With this great vision of the future of Roku, the investment firm upgraded Roku to a “buy” rating and hiked it’s predicted price to $130.
Roku’s has risen 14% and it’s all time high for the year sits at $169 per share, with the 40% pull back many Wall Street investors think it may be a great time to get in on this stock
