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Roku Hits All-Time High Midday After Announcing Streaming Soundbar

Published 04/09/2019, 16:30
Updated 04/09/2019, 16:55
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Investing.com - Streaming device company Roku hit a new high on Wednesday after it launched a smart speaker that doubles as a full Roku player.

The $180 device will enhance the TV audio experience while also allowing users to stream its app services like Netflix (NASDAQ:NFLX) and HBO through their TV. The company’s lead in smart operating systems prompted DA Davidson to raise its target price to $185 per share, the highest on Wall Street, according to Briefing.com

Roku rose 5.8% to $166.08 a share in midday trade.

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