Loop Capital raised the firm’s price target on Roku (ROKU) to $80 from $70 but keeps a Hold rating on the shares. The firm does not believe that the company will be acquired by Trade Desk (TTD) or Netflix (NFLX) – two names that have been mentioned as potential suitors, the analyst tells investors in a research note. Loop adds that in keeping its neutral stance on the stock, the firm would like to see platform revenue acceleration from the low-mid double-digit range, but also notes that the valuation for Roku is not demanding at about 2-times its 2025 revenue estimate, especially with the company both adjusted EBITDA and free cash flow positive.
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