Roku Inc. (ROKU) PT Raised to $530 at Susquehanna

Susquehanna analyst Shyam Patil raised the price target on Roku Inc. (NASDAQ: ROKU) to $530.00 (from $275.00) while maintaining a Positive rating.

The analyst commented, "ROKU put up another blowout quarter with whopping 81% y/y platform revenue growth, which accelerated from 3Q levels. The outlook was also strong, highlighting the enormous secular streaming trend underpinning the company’s business. We remain Positive on ROKU as we view the company as one of the key ways to play the secular linear TV-to-digital engagement and ad budget shift, which is clearly accelerating."

You May Also Be Interested In

• Goldman Sachs Upgrades Plains GP Holdings, L.P (PAGP) to Neutral
• UBS Downgrades Bharat Heavy Electricals Ltd (BHEL:IN) to Neutral
• Goldman Sachs Upgrades Plains All American (PAA) to Neutral