
Streaming equipment maker Roku, Inc. (NASDAQ:ROKU) rallied on Wednesday following a report that said the company is in talks to be acquired by Netflix, Inc. (NASDAQ:NFLX). An analyst at KeyBanc Capital Markets, however, does not see the deal materializing.
The Roku, Netflix Analyst: Justin Patterson has a Sector Weight rating on Netflix. The analyst rates Roku an Overweight, with a $160 price target.