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ROKU · Analysis updated Nov 6, 2026, 4:49 PM ET
Why is Roku, Inc. (ROKU) stock moving?
Roku's story is now the closing of Fox's roughly $22B cash-and-stock acquisition. Class A shares are due to stop trading on Nasdaq before the open on Nov 9, so ROKU will soon have no market price. The stock rose steadily into the close of the deal. It hit a 52-week high of $163.57 on Nov 5 and traded around $160-$163 this week, close to the $160 level that analysts such as Rosenblatt and JPMorgan cited. Fundamentals were strong in the final report. Q3 revenue grew 24% to $1.5B, EPS was $1.20 against about $0.55 expected, and net income was $183M. Roku gave no new guidance and held no call, and the devices segment is losing money because of memory costs. Analysts moved to Neutral because the deal caps the upside. Directors and executives have been selling under pre-arranged plans. With the merger complete, share price moves no longer reflect an independent outlook for Roku. Holders get Fox consideration, and Roku Class A shares will cease to exist as a tradable security.
News behind the analysis
- Roku Stock Rises: What's Going On?Roku shares rose 0.66% to $161.43 on Friday as Fox completed its acquisition of the company. The stock comes off the Nasdaq and was trading near its 52-week high of $163.57.
- Roku seeks Nasdaq delisting after FOX mergerRoku Class A shares are set to stop trading on Nasdaq before the open on Nov 9, 2026. Nasdaq was expected to file Form 25 on Nov 6, and Roku planned to file Form 15 to end its SEC reporting.
- Roku Q3 2026 Earnings: Sales Soar 24%, Net Profit Booms 7-FoldQ3 revenue grew 24% to $1.5B and net income was $183M, up more than seven-fold. Platform revenue rose 23% to $1.3B. Roku held no earnings call and gave no guidance because of the pending Fox deal.
- Roku Q3 Profit, Revenue Soar on Higher Media & Entertainment Ad Spending, Subscription GrowthRoku reported EPS of $1.20 on $1.5B revenue, against estimates of $0.55 and $1.41B. Ad revenue grew 23% to $727.4M. Roku reiterated its full-year outlook of $5.5B total revenue.
- Roku Earnings & Forecasts - BenzingaQ3 non-GAAP EPS of $1.20 was a 118.2% surprise, and revenue of $1.50B beat by 6.39%. Adjusted EBITDA grew 113%, and one analyst is no longer bullish despite the beat.
- Roku stock hits 52-week high at 160.23 USDRoku hit a 52-week high on Nov 3, with a 43.35% year-to-date return. Seaport Global downgraded the stock to Neutral, JPMorgan initiated at Neutral with a $160 target, and Needham kept a Buy with a $170 target.
- Roku director Neil Hunt sells $312,346 in company stockDirector Neil Hunt sold 1,594 Class A shares at a weighted average of $155.85 on Nov 2. The sale was made under a pre-arranged 10b5-1 plan.
- Roku, Inc. (ROKU) Stock Overview and NewsThe news feed shows Fox completing its $22B acquisition of Roku. It also shows a Rosenblatt downgrade to Neutral with a $160 target, and Justice Department clearance reported by Semafor.
- Roku Stock SnapshotOn Nov 5, Roku traded between $160.12 and $163.57 and closed at $160.37. Volume was 4.9M, against an average of 3.37M. The 52-week range is $78.53 to $163.57.