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BofA Securities Maintains Roku Inc(ROKU.US) With Buy Rating, Raises Target Price to $90

Futu News ·  Sep 30 19:33  · Ratings

BofA Securities analyst Ruplu Bhattacharya maintains $Roku Inc (ROKU.US)$ with a buy rating, and adjusts the target price from $75 to $90.

According to TipRanks data, the analyst has a success rate of 52.7% and a total average return of -2.0% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Roku Inc (ROKU.US)$'s main analysts recently are as follows:

  • The expectation for enhanced platform revenue growth has prompted an elevation in the FY25 revenue and EPS forecasts to $4.6B and (95c) from the previous $4.5B and ($1.28), with the anticipation of applying a modestly higher multiple.

  • The company maintains its confidence in achieving previously discussed targets. The sentiment towards the company's shares is becoming incrementally positive as it navigates through substantial changes in its organization, strategy, and product innovation.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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