MoffettNathanson analyst Michael Nathanson upgraded Roku to Neutral from Sell with an $80 price target The firm has advised clients to sell Roku’s stock over much of the past three years due to a strong conviction that consensus was mismodeling the drivers of Platform revenues, compounded by “incredibly poor financial disclosure,” but it softens its view as it looks into the second half of 2024 and 2025, the analyst tells investors.
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