Analysts Hail Roku-Google Deal; See up to 119 Percent Upside

A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York, on Sept. 28, 2017. Brendan McDermid/Reuters

Analysts were optimistic that Roku Inc and Alphabet Inc Google had reached a multiyear distribution agreement for both YouTube and YouTube TV apps to make them accessible on the Roku operating system.

Stephens analyst Nicholas Zangler said, “details are scarce.” However, the agreement should permit Roku to collect origination fees on new YouTube TV originations.