Roku could be biggest consumer-tech winner of a Sanders presidency, says analyst

MW Roku could be biggest consumer-tech winner of a Sanders presidency, says analyst

Roku Inc. (ROKU) could be the largest consumer-technology beneficiary of a Bernie Sanders presidency, D.A. Davidson analyst Tom Forte wrote in a Sunday note to clients after Sanders won the Nevada primary election. He argued that Sanders' plan to provide broadband internet to all U.S. households gives Roku the "ability to exploit this opportunity" by selling consumers its streaming devices or licensed smart TVs and taking advantage of advertising opportunities. Forte said that a Sanders presidency would be least beneficial to Apple Inc. $(AAPL)$, when looking at the consumer technology space, due to Sanders' interest in ending corporate tax breaks. Roku shares are off 25% over the past three months, while Apple shares are up 20% and the S&P 500 has risen 7.3%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 24, 2020 09:28 ET (14:28 GMT)

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