Stock Track | Roku Soars 5.04% on Tuesday on Bullish Analyst Rating and IP Deal Renewal

Stock Track

01-21

Roku Inc's stock (ROKU) soared 5.04% on Tuesday, following positive news from both analysts and a key intellectual property partner.

JMP Securities initiated coverage on Roku with an Outperform rating and a $95 price target. Analysts cited Roku's strong position in the streaming TV market as a key factor behind the bullish outlook.

Additionally, Adeia Inc announced a multi-year renewal of its intellectual property (IP) license agreement with Roku. This deal extends Roku's access to Adeia's media IP portfolio, which plays a role in enhancing consumer experiences for streaming video products and services.

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Analysts cited Roku's strong position in the streaming TV market as a key factor behind the bullish outlook.</p>\n<p>Additionally, Adeia Inc announced a multi-year renewal of its intellectual property (IP) license agreement with Roku. This deal extends Roku's access to Adeia's media IP portfolio, which plays a role in enhancing consumer experiences for streaming video products and services.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ROKU","symbol_name":"Roku Inc","start_time":0,"source_url":"","article_id":"1183646075","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183646075","pubTimestamp":1737470563,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Roku Inc's stock  soared 5.04% on Tuesday, following positive news from both analysts and a key intellectual property partner.JMP Securities initiated coverage on Roku with an Outperform rating and a $95 price target. 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