MoffettNathanson raised the firm’s price target on Roku (ROKU) to $100 from $90 and keeps a Neutral rating on the shares. Roku posted a strong set of results with solid guidance that suggests that “this model is a relative safe near-term haven” at a time when “the market is fretting about the future disruption that AI will wreak on the TMT landscape,” the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROKU:
- Roku reiterated as a top pick at JPMorgan
- Roku: Strengthening Its Position as a Core Streaming Gateway with Accelerating Subscriptions, Expanding Ad Platform, and International Growth
- Closing Bell Movers: DraftKings down 15% after earnings miss
- Roku reports Q4 EPS 53c, consensus 28c
- Roku sees Q1 revenue $1.20B, consensus $1.16B