Reported 2 days ago
Roku, Inc. (NASDAQ: ROKU) is drawing significant interest from hedge funds as it emerges as a potential takeover target, ranking 15th on a list of such stocks. With 37 hedge funds invested, its appeal lies in its robust streaming platform, competitive positioning against giants like Netflix and Amazon, and recent speculation around its acquisition by major players. This surge in interest is driven by favorable market conditions, including lower interest rates and increasing value in connected TV platforms, positioning Roku as an attractive investment.
Source: YAHOO