Roku Inc (NASDAQ:ROKU) shares are trading higher by 3.74% at $111.95 after Rosenblatt initiated coverage on the stock with a Buy rating and announced a $188 price target.
Shares of several streaming, gaming and social media names, including Roku, have othwerise seen marked weakness in 2022 and are trading lower on a year-to-date basis amid a rise in U.S. Treasury yields as investors continue to weigh the Federal Reserve's rate hike outlook. Roku is trading lower by 52.03% on a year-to-date basis and lower by 7.18% over the past month.
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