Roku Inc (ROKU) surged 5.10% in pre-market trading on Tuesday, driven by a bullish analyst upgrade from Morgan Stanley. The smart TV developer's stock gained momentum as investors reacted positively to the revised outlook.
Morgan Stanley upgraded Roku to Overweight from Equal Weight and raised its price target to $135 from $85, citing improved revenue growth forecasts for next year. The new price target implies a potential 24% upside from Monday's closing price of $109.03, fueling investor optimism.
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