Roku Up After Receiving Street-High Price Target

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By Christiana Sciaudone —  Roku (NASDAQ:) popped 7% after KeyBanc initiated coverage with an overweight rating. 

The stock hit a record earlier this month at $185.44 and is currently trading just above $168.

Analyst Justin Patterson set a Street-high price target of $228, StreetInsider reported. 

“Our thesis is that Roku is under-monetized vs. peers given audience size,” StreetInsider reported Patterson as saying. “We expect growth in ad-supported channels, and new ad units should drive faster revenue growth than consensus contemplates.”

Shares have 13 buy ratings, five holds and two sells, with an average price target of $169.60, according to analysts tracked by

The company has met or beat earnings estimates since going public in 2017.


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