KeyBanc analyst Justin Patterson lowered the price target on Roku Inc. (NASDAQ: ROKU) to $460.00 (from $490.00) to reflect challenges in the supply chain.

The analyst maintained the Overweight rating, stating "While we did trim estimates to reflect these dynamics, we expect net adds will still slightly outpace 2019 levels and that consensus still underestimates the ramp in Platform revenue in 2022E and beyond. Given momentum in CTV advertising and improved platform measurement and attribution, we see >35% annual Platform revenue growth as very achievable."