Roku price target raised to $110 from $100 at BofA

BofA analyst Brent Navon raised the firm’s price target on Roku (ROKU) to $110 from $100 and keeps a Buy rating on the shares. The macro uncertainty of the past few months appears to be abating, and while industry-wide advertising trends had been impacted earlier in April, sentiment has improved as the quarter progressed, the analyst tells investors in a research note. There could be potential upside to Roku’s fiscal year outlook, BofA says.