# Roku Stock Soars on Strong Q3 Earnings: Analysts Raise Price Targets as Streaming Giant Shows Momentum
The latest episode dives into Roku's impressive market performance following better-than-expected Q3 results that sent the stock climbing above $105 per share. We analyze how Roku surpassed earnings estimates with $0.16 EPS (versus $0.07 expected) and generated $1.21 billion in revenue—a 14% year-over-year increase despite challenging streaming economics.
The episode explores divided analyst sentiment, with major firms including Wells Fargo and Pivotal Research raising price targets (to $116 and $135 respectively), while others maintain caution. We break down the stock's technical indicators, recent trading volumes, and what institutional ownership levels above 86% signal for investors.
Discover why Roku remains a "moderate buy" consensus pick, what recent insider selling might indicate, and the realistic price ranges to expect through early 2024. Perfect for investors navigating the competitive streaming landscape and seeking insights on Roku's growth strategy at the intersection of digital media, advertising, and devices.
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