Shares of Roku Inc (NASDAQ:ROKU) rallied in early trading on Friday, after the company reported upbeat fourth-quarter results.
Here are the key analyst insights:
- KeyBanc Capital Markets analyst Justin Patterson maintained an Overweight rating, while raising the price target from $128 to $130.
- JPMorgan analyst Cory Carpenter reiterated an Overweight rating and price target of $125.
- Benchmark analyst Daniel Kurnos reaffirmed a Buy rating and price target of $130.
Check out other analyst stock ratings.
KeyBanc Capital Markets: Roku reported revenue of $1.40 billion and EBITDA of $169.4 million, topping Street estimates of $1.36 billion and $147 million, respectively, Patterson said in a note. The company’s outperformance was driven by strength in Platform revenue, he added.
Management guided to first-quarter revenue and EBITDA of $1.20 billion and $130 million, which came in higher than the consensus of $1.17 billion and $95 million, respectively, the analyst stated. “With Roku transforming into a high-teens Platform revenue grower with improved GAAP EPS and FCF …