From Financial Modeling Prep: 2024-10-01 10:28:00

MoffettNathanson analysts upgraded Roku Inc. (NASDAQ:ROKU) to Neutral from Sell, with a $80 price target. Concerns over misinterpreted revenue drivers led to previous sell recommendations. Roku’s platform revenue growth slowed from 81% in 2021 to 10% in 2023, with adjusted EBITDA forecasts for 2024 slashed by 90%. Analysts now see less risk ahead for Roku as it enters 2025, praising new leadership for expense management and focus on generating free cash flow and GAAP earnings.



Read more at Financial Modeling Prep:: Roku Earns an Upgrade at MoffettNathanson