Wells Fargo analyst Steven Cahall lowered the firm’s price target on Roku (ROKU) to $93 from $129 and keeps an Overweight rating on the shares. The firm is confident that an ad recession is coming/underway. While Roku is likely still seeing improved sell-out on its DSP integrations, the cyclical impact hurts pricing, Wells argues. The firm thinks there’s opportunity as 2025 Platform growth will outperform the lowered bar, and EBITDA/free cash flow will be protected by management.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROKU:
- Roku’s Growth Potential and Cost Efficiency Drive Buy Rating Despite Macroeconomic Challenges
- Most Anticipated Earnings this Week – Week of April 28, 2025
- Now Streaming: Analysts boost Netflix targets after Q1 beat
- BWS does not see Roku making ‘much of a dent’ in Arlo security camera share
- Roku unveils new device lineup, software updates designed for streamers