Roku price target raised to $145 from $120 at Oppenheimer

Oppenheimer raised the firm’s price target on Roku (ROKU) to $145 from $120 and keeps an Outperform rating on the shares as multi-year monetization investments into 3P integrations and subscriptions bearing fruit. With advertising/subscription breakdown, investors should be more confident in long-term gross margin leverage as advertising still only 55% of platform revenue.