Jefferies lowered the firm’s price target on Roku (ROKU) to $55 from $60 and keeps an Underperform rating on the shares. Q3 platform revenue growth and Q4 guidance of about 14% platform revenue growth were “solid,” but the removal of language around accelerating growth in 2025 was “disappointing,” says the analyst, who expects the stock to remain under pressure in the near-term given elevated investor expectations.
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