Roku price target raised to $80 from $75 at Wedbush

Wedbush analyst Michael Pachter raised the firm’s price target on Roku to $80 from $75 and keeps an Outperform rating on the shares. Even in a difficult macroeconomic environment, Roku added over 5 million active accounts in Q4 versus fewer than 4 million in Q4 2021, the firm notes. Q1 revenue guidance was better-than-expected, indicating that the advertising ARPU dip will be shallower than many anticipated, Wedbush adds.