JMP Securities analyst Matthew Condon raised the price target on Roku Inc. (NASDAQ: ROKU) to $115.00 (from $95.00) while maintaining a Market Outperform rating.

The analyst commented, “Roku provided full-year 2025 guidance with gross profit guidance coming in ~3% ahead of consensus and EBITDA guidance ~$63M above consensus. Roku’s position as the leading TV OS in the U.S. appears stable, and we continue to believe it represents a highly strategic asset, with reach to 50%+ of U.S. broadband households as it serves as the lead-in to TV for 125M+ people in the U.S. This, as we see multiple levers for Roku to drive higher monetization of its platform, including third-party demand partnerships, Home Screen, The Roku Channel, and Roku-billed subscriptions.”

Also, “Given these catalysts and continued operational discipline, we believe estimates can continue to move higher; we reiterate our Market Outperform rating and increase our price target to $115 from $95 prior.”