Bank of America Securities analyst Brent Navon CFA has reiterated their bullish stance on ROKU stock, giving a Buy rating yesterday.
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Brent Navon CFA has given his Buy rating due to a combination of factors that underscore Roku’s strengthening business fundamentals and growth outlook. He interprets the company’s new, more detailed Platform disclosures as a sign of management’s confidence, providing investors with better visibility into the trajectory of subscription and advertising performance.
Navon highlights that Roku’s subscription revenue base is larger and growing faster than previously modeled, offering a more stable and higher‑multiple revenue stream that supports valuation. At the same time, he sees significant upside in advertising monetization given currently low fill rates, alongside multiple strategic initiatives in CTV ads, self‑serve tools, premium subscriptions, and The Roku Channel engagement, all of which underpin his $140 price objective and Buy recommendation.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $140.00 price target.