Roku price target lowered to $100 from $125 at Pivotal Research

Pivotal Research lowered the firm’s price target on Roku (ROKU) to $100 from $125 and keeps a Buy rating on the shares. The company reported a “solid in-line” Q1, offer in-line Q2 revenue guidance and lower than forecast Q2 platform gross profit reflecting a mixed advertising environment where Roku appears to be relatively outperforming its direct peers, the analyst tells investors in a research note.