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Fly News Breaks for February 22, 2019
ROKU
Feb 22, 2019 | 07:29 EDT
KeyBanc analyst Andy Hargreaves backed an Overweight rating on Roku and raised his price target to $63 following better than expected Q4 revenue, driven by player sales. In a research note to investors, the analyst says initial guidance for FY19 was slightly better than expected, but could prove conservative if monetization of Roku ad inventory continues to scale and/or active accounts continue to accelerate.
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