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Fly News Breaks for August 9, 2018
ROKU
Aug 9, 2018 | 08:20 EDT
KeyBanc analyst Evan Wingren raised his price target for Roku to $67 from $54, citing Q2 results and 2H guidance that were above expectations, driven by momentum of the Roku platform. TRC expanding has the potential to drive a large TAM expansion for the platform business that is likely not captured in Roku's valuation from here, he adds. The analyst reiterates an Overweight rating on the shares.
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