Roku price target raised to $130 from $100 at Benchmark

Benchmark raised the firm’s price target on Roku (ROKU) to $130 from $100 and keeps a Buy rating on the shares. The company put up 25% year-over-year growth in Q4 Platform revenue, “exceeding even some of the highest buy-side estimates,” and management committed to accelerating Platform revenue growth in 2025 excluding political spending, says the analyst, who adds that concerns around conservatism to start the year were “unwarranted.” Benchmark also says that “the crazy part is that we think the initial guide is actually still conservative,” continuing to believe that “this is the year Roku breaks out.”