RBC Capital analyst Mark Mahaney raised his price target on Roku to $170 and kept his Outperform rating after its "modest" top-line beat and raise. The analyst notes that the company's active accounts growing by a record 4.6M and its platform now looks like a "sustainable" 50% grower. Mahaney adds that Roku fundamentals were "solid", with a very slight deceleration from robust levels last quarter.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSnap (SNAP) up... To see the rest of the story go to thefly.com. See Story Here
Pre-earnings options volume in Roku is 1.7x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 12.6%, or $7.87, after results are released. Median move over the past eight quarters is 17.1%.