Analyst Defends Roku (NASDAQ: ROKU) After Comcast (NASDAQ: CMCSA) Product Launch

Media giant Comcast Corporation (NASDAQ: CMCSA) will begin offering internet customers a free over-the-top box set, but one Roku Inc. (NASDAQ: ROKU) analyst isn't worried about the new competitive landscape. D.A. Davidson analyst Tom Forte maintained a Buy rating on Roku with an unchanged $185 price target. Aside from Comcast, the streaming video industry is only in the "top of the third inning," as some of the world's largest tech giants like Apple Inc. (NASDAQ: AAPL) and media behemoths likes Walt Disney Co (NYSE: DIS) have yet to launch their products, the analyst said. Read more: https://bit.ly/2lZQiCB