Wedbush raised the firm’s price target on Roku (ROKU) to $130 from $115 and keeps an Outperform rating on the shares, while adding the stock to Wedbush Best Ideas List. The firm cites accelerating monetization with an underappreciated runway, improving profitability as Roku remains focused on delivering strong free cash flow amid growth, and a favorable tax position likely leading to higher free cash flow available for share repurchases.
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