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Fly News Breaks for November 8, 2018
ROKU
Nov 8, 2018 | 09:50 EDT
DA Davidson analyst Tom Forte raises his price target on Roku to $49 after its Q3 earnings beat, noting that while the active account growth of 43% was below his expectations, the 63% increase in streaming hours and 37% growth in ARPU offset that weakness. The analyst keeps his Neutral rating on the stock however and believes that the "shares are appropriately valued at currently levels".
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ROKU
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