Cathie Wood's Ark Expects Roku Stock To Soar About 550% In 4 Years

Shares of streaming device maker Roku, Inc. (NASDAQ: ROKU ) could be in for a strong upside over the next five years, according to analysts from Cathie Wood's Ark Invest. Roku's shares  will climb to $605 by 2026, a compounded annual growth rate of 53%, analysts led by Nicholas Grous said in a Thursday note. The base-case price target represents a 547% increase from Roku's current levels. The bear- and bull-case price targets are at $100 and $1,493, respectively, Grous said. Ark Invest expects video advertising to be the most significant contributor to Roku's growth during the next five years, with display advertising, content distribution, and player ... Full story available on Benzinga.com