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Fly News Breaks for May 11, 2018
ROKU
May 11, 2018 | 06:59 EDT
DA Davidson analyst Tom Forte raised his price target on Roku to $32 from $30, saying the latest "impressive" quarter validates his view of the company as one of a handful of leaders in the transition to over-the-top video consumption. The analyst also keeps his Neutral rating, noting that the current share price reflects Roku's growth potential. Forte adds that he would reconsider the rating in the event of continued revenue upside and higher than expected margin expansion.
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