Roku Posting Strong Gain After Being Named Needham's "Top Pick For 2019"

( - After gapping open significantly higher, shares of Roku Inc. ( ROKU ) continue to see considerable strength in afternoon trading on Wednesday. Roku is currently up by 5.9 percent after ending the previous session at its lowest closing level in over a year.

The rebound by Roku comes after Needham named the streaming video device maker as its "top pick for 2019." Needham cited Roku's strong growth in the over-the-top video market, strategic position, demographic reach, and other factors.

Needham Analyst Laura Martin also reiterated her buy rating on Roku's stock with a price target of $45 per share.

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