BofA analyst Ruplu Bhattacharya raised the firm’s price target on Roku to $90 from $75 and keeps a Buy rating on the shares. The firm’s FY25 revenue and EPS estimates move to $4.6B and (95c) from $4.5B and ($1.28), respectively, and it is applying a slightly higher multiple as it expects improving platform revenue growth, the analyst tells investors.
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