Roku (ROKU) Will Keep Beating - Cannonball Research

May 7, 2021 1:03 PM EDT
Get Alerts ROKU Hot Sheet
Price: $382.73 +3.88%

Rating Summary:
    22 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 68
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Cannonball Research analyst Vasily Karasyov reiterated a Buy rating and $650.00 price target on Roku Inc. (NASDAQ: ROKU) following results. Karasyov explains how the company is beating and why they will keep beating.

The analyst commented, "We think Q1 results and updated guidance are a good illustration of our argument that there is room for upside to the Street's estimates and the main sources of it are revenue streams into which we have limited
visibility. Our analysis of the Platform segment revenue structure shows that (i) the revenue contribution from non-video advertising may be underappreciated, and (ii) growth assumptions needed to get to our revenue estimates are not demanding. We think there are more quarters like this coming and reiterate our Buy rating."

For an analyst ratings summary and ratings history on Roku Inc. click here. For more ratings news on Roku Inc. click here.

Shares of Roku Inc. closed at $284.18 yesterday.

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