Shares of Roku (NASDAQ: ROKU) were up 2% as of 9:35 a.m. EDT on Thursday after Rosenblatt securities analyst Mark Zgutowicz reiterated a buy rating on the stock with a $560 price target. That represents significant upside compared to the current quote of $325.
The gains follow a 5.6% surge on Wednesday after Roku released its annual streaming survey, The Streaming Decade, that declared “TV streaming has passed a tipping point.”