Top-Rated Stocks Control4, Roku Lifted By Bullish Analyst Reports
Summary
William Blair reiterated its outperform rating on streaming video platform Roku after hearing positive feedback from a large ad agency.The operating system already supports a host of streaming music services, such as iHeartRadio, Pandora ( P ), Sirius XM ( SIRI ) and Spotify ( SPOT )."KNX support should help drive demand and add new dealers in markets like Germany, China, the U.K., Australia and Singapore," Cowen analyst Robert Stone said in a note to clients.William Blair analyst Ralph Schackart said he received positive feedback about Roku from an executive with a large, global advertising agency."Overall, we note a shifting tone surrounding Rokus positioning within OTT (over-the-top television) from cautiously optimistic to strongly bullish," Schackart said in his report to clients.