Roku price target raised to $115 from $89 at Benchmark

Benchmark raised the firm’s price target on Roku to $115 from $89 and keeps a Buy rating on the shares following the company’s third reduction in force, which “highlights just how much the messaging has changed in just the last 12-18 months.” The company staying committed to striking a healthier balance between growth and profitability should give investors “increased confidence in a much stronger cash flow profile even at more modest scale,” the analyst contends.