Roku price target raised to $80 from $65 at Truist

Truist raised the firm’s price target on Roku to $80 from $65 but keeps a Hold rating on the shares. The firm is updating its model following the company’s better than expected Q2 results. Truist is noting that while Roku reported a 30% sequential increase in its RPO revenue balance – the 4th largest increase to-date – it also sees the stock’s valuation as “high”.