On Oct 31, major Wall Street analysts update their ratings for $Roku Inc (ROKU.US)$, with price targets ranging from $67 to $100.
Morgan Stanley analyst Cameron McVeigh maintains with a sell rating, and adjusts the target price from $65 to $67.
J.P. Morgan analyst Cory Carpenter maintains with a buy rating, and maintains the target price at $92.
BofA Securities analyst Ruplu Bhattacharya maintains with a buy rating, and maintains the target price at $90.
Citi analyst Jason Bazinet maintains with a hold rating, and maintains the target price at $77.
Oppenheimer analyst Jason Helfstein maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Roku Inc (ROKU.US)$'s main analysts recently are as follows:
Q3 results and Q4 guidance for Roku surpassed expectations, bolstered by political advertising, price hikes from SVOD platforms, and initial gains from partnerships with third-party DSPs. Despite these positive developments, concerns are emerging about the potential for accelerated platform revenue growth in the coming year due to challenging comparisons from political segments and a deceleration in third-party DSP contributions, all within a more competitive CTV industry.
Roku's performance in Q3 surpassed expectations, yet the projection of growth dynamics into Q4 2024/first half of 2025 appears to be less straightforward. It is suggested that increased clarity is necessary to support a more optimistic outlook, considering Roku's valuation appears steep when based on the newly projected 2025 EV/EBITDA multiples.
Here are the latest investment ratings and price targets for $Roku Inc (ROKU.US)$ from 9 analysts:
Note:
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