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CCV - Churchill Capital V News Story

$9.91 -0.0  -0.4%

Last Trade - 14/05/21

Sector
Financials
Size
Mid Cap
Market Cap £483.3m
Enterprise Value £482.3m
Revenue £n/a
Position in Universe 3217th / 6846

BUZZ-Roku Inc: Set to open at record high after Citigroup raises PT

Wed 9th December, 2020 12:52pm
** Shares of TV streaming platform  ROKU.O  up ~3% at
$313.97 premarket; set to open at record high if gains hold
    ** Citigroup raises PT on ROKU to $375 from $220 - highest
on Street per Refinitiv data
    ** Brokerage expects majority of revenue and cash flow to
come from co's platform business, in long run
    ** "More cord cutting, more direct-to-consumer apps and more
ad spending moving to the Internet – we think it still makes
sense to be bullish on Roku" - Brokerage
    ** Sees co's tie-ups for distribution with Comcast Corp's
 CMCSA.O  HBO Max and Discovery Inc's  DISCA.O  Discovery+ as
well as opportunities to tap into international markets as
"positive catalysts"
    ** Avg. rating of 26 analysts covering stock is "buy" and
their median PT is $260
    ** Up to Tuesday's close, stock had more than doubled YTD   


 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.mehta@thomsonreuters.com))
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