Roku price target raised to $155 from $140 at Wedbush

Wedbush raised the firm’s price target on Roku (ROKU) to $155 from $140 and keeps an Outperform rating on the shares after the company reported Q1 results ahead of expectations across the board. The firm notes Roku remains on Wedbush’s Best Ideas List, given accelerating platform monetization with expanding margins; improving profitability as Roku remains focused on delivering strong free cash flow growth; and a favorable tax position leading to higher free cash flow available for share repurchases.