Roku price target raised to $100 from $80 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the firm’s price target on Roku (ROKU) to $100 from $80 and keeps an In Line rating on the shares following “a solid beat,” with Q2 revenue and EBITDA surpassing expectations. Roku’s strategic integrations and ad demand diversification position it well for continued growth, but competition remains “fierce” and the pace of international expansion could impact active account growth, the analyst tells investors.