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Roku price target lowered to $68 from $81 at Citi

Citi lowered the firm’s price target on Roku (ROKU) to $68 from $81 and keeps a Neutral rating on the shares. The firm updated the company’s model to reflect the Q1 results and our latest outlook. Citi believes Roku will successfully execute on its initiatives to further drive Platform revenue growth, but sees potential downside risk if macroeconomic conditions deteriorate.

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