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Needham & Company Defending Roku Inc. (ROKU), 'Buy ROKU on Weakness'

February 18, 2022 6:28 AM EST

Needham & Company analyst Laura Martin reiterated a Buy rating and $205.00 price target on Roku Inc. (NASDAQ: ROKU).

The analyst comments "Roku is a pure-play way to invest in growth of the US over-the-top (OTT) and connected-TV (CTV) ecosystems. We believe that Roku's advertising addressable market (TAM) in the US is the $60B of US traditional linear TV advertising revenue... More