Wells Fargo raised the firm’s price target on Roku (ROKU) to $167 from $137 and keeps an Overweight rating on the shares. The firm notes platform performance is strong at over 20% underlying in the first half of the year. Guidance is tracking towards buyside bogeys. With 2024-2027 EBITDA CAGR at 50% and free cash flow over EBITDA, Roku is a clean Growth stock, Wells argues.
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