Citizens raised the firm’s price target on Roku (ROKU) to $170 from $160 and keeps an Outperform rating on the shares. Roku delivered a strong Q1 beat with accelerating platform growth, upside in revenue and EBITDA guidance, and expanding scale across streaming households and engagement, supporting multiple monetization catalysts and a path toward $1B+ free cash flow with additional upside potential, the analyst tells investors in a research note.
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Read More on ROKU:
- Roku price target raised to $160 from $140 at Pivotal Research
- Roku Price Target Raised to $160 on Strong Quarter, Cautious Guidance Upside, and Growing Streaming Platform Dominance
- Closing Bell Movers: Apple higher after stronger than expected guidance
- Roku reports Q1 EPS 57c, consensus 35c
- Roku sees Q2 revenue $1.3B, consensus $1.29B