Street waking up to Roku?

Roku is up >10% today on high volume… seemingly no news…

And then I find out that NFLX is hitting all time highs today… crossing valuation of DIS…

https://finance.yahoo.com/m/53055c35-0f91-3ce3-b5a2-d7f717a6…

Seems to me that ROKU is beneficiary of that association with NFLX…

It was just a few days back that NFLX was panned for potential of losing paid subscribers as people get unemployed… remember this analyst opinion?
Needham sees outbreak risking Netflix global growth
https://seekingalpha.com/news/3550154-needham-sees-outbreak-…

NFLX hit $298 on March 16 and jump to $445 today as they realize that NFLX is a big beneficiary of this outbreak…

ROKU hit <$64 on March 16 to double from there now at >$125…

And if you stop and think… you realize that between NFLX and ROKU, ROKU has much more upside ahead of it… NFLX has gained most $ it can gain in March and April… its recurring revenue and will sustain… however, growth is just pulled in, not going to continue…

ROKU on the other hand just pulled in more viewers in March and April… yet $ impact is minimal for now… its platform has become lot more valuable now and so its add will actually fetch lot higher price going forward… and with Dataxu acquisition, they remove a friction point of selling ads on their platform…
in short, I believe ROKU has even more upside from all of these dynamics AND street might just be waking up to it.

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