Roku price target raised to $85 from $80 at Needham

Needham analyst Laura Martin raised the firm’s price target on Roku to $85 from $80 and keeps a Buy rating on the shares. The company’s Q2 results and margin expansion were strong, the analyst tells investors in a research note. Roku’s new originals are also largely unaffected by the guild strikes, Needham adds, as the company stated that “The vast majority of our content slate is non-scripted”.