Roku price target lowered to $53 from $55 at Pivotal Research

Pivotal Research lowered the firm’s price target on Roku to $53 from $55 and keeps a Sell rating on the shares. The company reported a "mixed" Q1 relative to expectations, highlighted by materially lower than forecast net new active accounts of 1.6M, a miss on platform revenue and a beat on "low margin" player revenue, the analyst tells investors in a research note.