Roku surges after analyst predicts it will triple its user base by 2022

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The analyst call on Roku also sent shares of Netflix down.

Roku shares climbed on Wednesday after Macquarie said it could triple its user base by 2022. The report sent Netflix shares lower.

People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it's IPO at the Nasdaq Marketsite in New York, September 28, 2017.-like growth overseas. Netflix shares slid 1.1% following the report.

 

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Not surprised. Roku is a neutral platform, they will be the winner in the streaming war that's still to come. Disney is fighting Netflix and Apple is fighting Amazon. Roku is the only platform getting all of them. Disney Netflix Apple Amazon roku cnbc investing

triple?

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