Pivotal Research raised the firm’s price target on Roku (ROKU) to $120 from $100 and keeps a Buy rating on the shares. The company reported a better than expected Q2 and increased its outlook, the analyst tells investors in a research note. The firm increased estimates citing the increasingly strong economic backdrop for advertisers.
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Read More on ROKU:
- Roku price target raised to $101 from $75 at Rosenblatt
- Roku price target raised to $113 from $100 at Wells Fargo
- Roku’s Strong Q2 Performance and Strategic Initiatives Drive Buy Rating with $110 Price Target
- Roku price target raised to $95 from $72 at UBS
- Roku price target raised to $105 from $100 at JPMorgan
