Guggenheim raised the firm’s price target on Roku (ROKU) to $140 from $130 and keeps a Buy rating on the shares. Q1 results “underscore the increasingly consistent and broad-based nature of Platform growth,” says the analyst, who sees the combination of sustained, diversified Platform growth, GAAP profitability, accelerating cash generation, and improving capital discipline supporting a positive outlook.
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Read More on ROKU:
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