Roku Received an Analyst Upgrade from Wedbush and Twitter Reported Questionable Earnings ๐Ÿ“ˆ

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Roku Received an Analyst Upgrade from Wedbush and Twitter Reported Questionable Earnings

Roku ย 

Roku is a well-known growth stock that specializes in its streaming platform. With people staying at home due to the COVID-19 pandemic, Roku saw a massive increase in demand. This was shown in their stock price, up 350.51% from their low in March. However, with many rotating into cyclicals, Roku has had some rough months lately, down 26.98% from its high in February.

On a contrarian point of view, analyst Michael Pachter from Wedbush sees an enticing opportunity in Roku. He upgraded Rokuโ€™s rating to Outperform from Neutral, keeping the price target at $475. Pachter believes that the current price could be a great entry point as international expansion is continuing to take place and advertising is continuing to take place on linear TV, which fits the description of Rokuโ€™s streaming platform. Along with this, Roku reports their 2021 first quarter earnings on Thursday after close, which will provide some more insight into how the company is doing.

Roku closed at 342.97 to end the week, down 3.85% on Friday.

Twitter

Twitter is one of the most popular social media platforms, with millions of active users every day. Its market cap sits at a whopping $44.103 billion, and it is one of the most popular stocks in the market.

Twitter reported earnings after market close on Thursday, and many did not like the result. Earnings per share and revenue slightly beat expectations, but the main focus was on their monetizable daily active users (mDAUs). Wall Street expected 200 million users, but Twitter missed the mark, only reporting 199 million mDAUs. This was clearly disappointing to investors, but this quarter had some different aspects to it, with Twitter banning Donald Trump to a change in Appleโ€™s privacy settings.

Twitter closed at $55.22, down 15.16% on the day.ย 

I am not a financial advisor and my comments should never be taken as financial advice.ย Investments come with risk, so always do your research and analysis beforehand.

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