Roku (ROKU) Will Keep Beating - Cannonball Research

Go back to Roku (ROKU) Will Keep Beating - Cannonball Research

Roku Inc. (ROKU) PT Raised to $300 at Morgan Stanley

May 7, 2021 8:16 AM EDT

Morgan Stanley analyst Benjamin Swinburne raised the price target on Roku Inc. (NASDAQ: ROKU) to $300.00 (from $275.00) while maintaining a Underweight rating.... More

Roku (ROKU) Surges After Crushing Profit Estimates to Prompt an Upgrade to 'Buy' at Loop Capital

May 7, 2021 7:55 AM EDT

Shares of Roku (NASDAQ: ROKU) have surged over 8.5% in pre-market trading Friday after the streaming company smashed analysts expectations for Q1 profit.

The streaming company reported a net income of $76.3 million, or 54 cents a share, compared to a loss of $54.7 million, or 45 cents a share, a year ago. Revenue came in at $574.2 million from $320.8 million in the year-ago period. Rokus platform revenue surged to $466.5 million and player revenue to $107.7 million.

That compares to analysts estimates of GAAP loss of 13 cents a share on sales of $492 million. The number of active accounts in... More

Roku Inc. (ROKU) PT Lowered to $400 at Macquarie

May 7, 2021 7:21 AM EDT

Macquarie analyst Tim Nollen lowered the price target on Roku Inc. (NASDAQ: ROKU) to $400.00 (from $570.00) while maintaining an Outperform rating.

Roku heavily beat almost all of our estimates in Q1; guidance looks promising.Monetization of users is strong thanks to... More

Roku Inc. (ROKU) PT Lowered to $550 at Benchmark

May 7, 2021 7:08 AM EDT

Benchmark analyst Daniel Kurnos lowered the price target on Roku Inc. (NASDAQ: ROKU) to $550.00 (from $600.00) while maintaining a Buy rating.... More

Loop Capital Upgrades Roku Inc. (ROKU) to Buy, $450 PT

May 7, 2021 7:03 AM EDT

Loop Capital analyst Alan Gould upgraded Roku Inc. (NASDAQ: ROKU) from Hold to Buy with a price target of $450.00.

The analyst commented, "Roku reported its strongest quarter since going public with a 79% sales gain to $574 million, 17% ahead of consensus estimates, driven by a... More

Roku's (ROKU) Competition is on the Way, MoffettNathanson Reiterates Neutral

May 7, 2021 6:39 AM EDT

MoffettNathanson analyst Michael Nathanson reiterated a Neutral rating and $360.00 price target on Roku Inc. (NASDAQ: ROKU) after net revenues of $574 million beat expectations for $517 million by +11%. Higher platform revenues of $467 million +18% vs. expectations for $394 million drove the upside but were partly offset by lower player revenues of $108 million... More

Roku Inc. (ROKU) PT Lowered to $400 at Oppenheimer

May 7, 2021 5:11 AM EDT

Oppenheimer analyst Jason Helfstein lowered the price target on Roku Inc. (NASDAQ: ROKU) to $400.00 (from $500.00) while maintaining a Outperform rating.... More

Roku Inc. (ROKU) PT Lowered to $460 at KeyBanc

May 7, 2021 4:56 AM EDT

KeyBanc analyst Justin Patterson lowered the price target on Roku Inc. (NASDAQ: ROKU) to $460.00 (from $518.00) while maintaining a Overweight rating.... More

Roku (ROKU) Tops Q1 EPS by 67c, Q2 Revenue Guidance Beats

May 6, 2021 4:16 PM EDT

Roku (NASDAQ: ROKU) reported Q1 EPS of $0.54, $0.67 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $574.2 million versus the consensus estimate of $490.56 million.

GUIDANCE:

Roku sees Q2 2021 revenue of $615 million, versus the consensus of $549.4 million.

We are pleased with our start to 2021 and believe the broad secular trends combined with the investments we are making will drive long term growth. Different rates of recovery worldwide from COVID-19, combined with persistent supply chain constraints, make it difficult to predict an economic return to... More