JPMorgan analyst Cory Carpenter raised the firm’s price target on Roku to $95 from $90 and keeps an Overweight rating on the shares. The company reported a Q2 beat across revenue and profit, guided Q3 ahead of the Street, and reiterated its commitment to delivering positive adjusted EBITDA in 2024, the analyst tells investors in a research note. The firm continues to like Roku as a levered play on the ad market recovery with added upside potential from self-help initiatives.
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