KeyBanc Starts Roku Inc. (ROKU) at Overweight

KeyBanc initiates coverage on Roku Inc. (NASDAQ: ROKU) with a Overweight rating and a price target of $42.00.

Analyst Evan Wingren recommends clients buy the equity as the company offers a unique platform plat on the growth in long-form streaming video. The analyst says the company holds a strong competitive position and likes the improving fundamentals. Wingren further believes ROKU's purpose-build TV operating system, OEM relationships, growing platform and early content efforts put it on track to deliver LT value creation as streaming video continues to adoption around the world.

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 $32.54 yesterday.

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