Roku price target raised to $75 from $56 at Loop Capital

Loop Capital analyst Alan Gould raised the firm’s price target on Roku to $75 from $56 and keeps a Buy rating on the shares after better than expected Q4 results and guidance. The company’s platform revenue grew rather than declined as guided and its losses were less than expected, the analyst tells investors in a research note. The firm adds that while the macro advertising environment is still challenging, Roku has exceeded its revenue guidance for the past two quarter and the stock has benefited from strong user metrics announced earlier in the year.