BofA raised the firm’s price target on Roku (ROKU) to $120 from $90 and keeps a Buy rating on the shares. The firm’s revenue, EBITDA and free cash flow estimates for FY25 move higher after Roku reported a “strong” Q4, notes the analyst, who adds that Roku’s scale remains a competitive advantage and is “especially attractive for advertisers.”
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 Financial Surge: Laura Martin’s Buy Rating Backed by Revenue Growth and Strategic Advances
- Roku price target raised to $115 from $95 at JMP Securities
- Roku upgraded to Overweight from Equal Weight at Wells Fargo
- Roku upgraded to Buy from Hold at Pivotal Research
- Roku Inc. Reports Robust Growth in Q4 2024