Roku price target raised to $75 from $56 at Baird

Baird raised the firm’s price target on Roku to $75 from $56 and keeps a Neutral rating on the shares. The firm met with management where the company continues to express confidence in its ability to deliver against all of the goals it has previously discussed. Baird said they are growing incrementally constructive on the shares as the company navigates a period of significant evolution in its organization, strategy, and product innovation.