Roku Inc. (ROKU) PT Raised to $170 at Guggenheim on Streaming Launches, International Expansion

Guggenheim analyst Michael Morris raised the price target on Roku Inc. (NASDAQ: ROKU) to $170.00 (from $119.00) while maintaining a Buy rating.

The analyst commented, "Roku is the industry-leading streaming video platform providing growing value for viewers, marketers, content owners, and TV brands. As the company expands its international offering and numerous new streaming video services launch with global growth ambitions, we see under-appreciated opportunity for the company to drive significant economic growth and create value for shareholders. We are raising our 12-month price target to $170 from our prior $119 and maintaining our BUY rating with the change largely reflecting our updated international business valuation."

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