Macquarie says that while Roku (ROKU) reported a Q3 beat, implying upside to full-year numbers, its Q4 guidance points to a deceleration in Platform growth and the company will stop reporting streaming account and average revenue per user figures. The results “raised as many questions as they answered,” the analyst tells investors in a research note. Macquarie keeps an Outperform rating on Roku with a $90 price target
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROKU:
- Roku price target raised to $70 from $65 at Loop Capital
- Morning Movers: Roblox surges and Estee Lauder sinks following earnings
- Roku price target raised to $75 from $60 at Piper Sandler
- Roku price target raised to $67 from $65 at Morgan Stanley
- Roku price target raised to $74 from $72 at Wells Fargo