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ROKU

Roku

$56.99

-3.92 (-6.44%)

06:38
10/19/18
10/19
06:38
10/19/18
06:38

Roku upgraded to Outperform at RBC Capital after stock price correction

As reported earlier, RBC Captial analyst Mark Mahaney upgraded Roku to Outperform from Sector Perform and also raised his price target to $70 from $48. The analyst notes that the company's valuation has become more attractive following a 25% pullback in its stock price but believes Roku offers the "best opportunity for upwards estimates revisions". Mahaney cites the company's 22M active members with consistent 46% growth in its accounts and 58% growth in streaming hours, which he calls "some of the strongest" in internet / over-the-top streaming land. The analyst further notes that one in four smart TVs now comes with Roku app pre-installed and one in ten of Millenials can only be reached on TV via their Roku platform.

  • 07

    Nov

  • 13

    Nov

ROKU Roku
$56.99

-3.92 (-6.44%)

10/05/18
WEDB
10/05/18
INITIATION
Target $73
WEDB
Neutral
Roku initiated with a Neutral at Wedbush
Wedbush analyst Michael Pachter initiated Roku with a Neutral rating and $73 price target. While Roku has built an "exceptional" platform on the back of its players and is positioning itself as the best-in-class option for OTT advertising, Roku's growth is fully priced into its share price, Pachter tells investors in a research note. The analyst believes that any pullback may provide an opportunity to build a position.
10/05/18
10/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Patterson-UTI (PTEN) initiated with an Outperform at Bernstein. 2. QuinStreet (QNST) initiated with an Outperform at William Blair. 3. Natera (NTRA) initiated with a Neutral at JPMorgan. 4. Avaya (AVYA) initiated with an Equal Weight at Barclays. 5. Roku (ROKU) initiated with a Neutral at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/18
10/05/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. HP CUT TO NEUTRAL AT JPMORGAN: JPMorgan analyst Paul Coster downgraded HP Inc. (HPQ) to Neutral from Overweight while raising his price target for the shares to $29 from $28. Despite the company's "excellent execution," the shares have limited catalysts ahead, Coster told investors in a research note following the company's analyst day. The analyst recommended investors take profits with the stock up 24% year-to-date. HP shares were lower by 1.9% to $25.91 in late morning trading. ELI LILLY UPGRADED TO OUTPERFORM AT BMO: BMO Capital analyst Alex Arfaei upgraded Eli Lilly (LLY) to Outperform from Market Perform and raised his price target on the shares to $130 from $107. The analyst cited the prospects of LY3298176, a GIP and GLP-1 dual receptor agonist presented at EASD 54th Annual Meeting, which he believes "meaningfully improves" the company's long-term growth prospects. Arfaei sees "continued strong growth of the GLP-1 class" and anticipates an annualized revenue growth of about 15% through 2027, adding that he is also positive on Eli Lilly's margins and its other indications in fields such as obesity. Eli Lilly shares were higher by 1.8% to $115.01 in late morning trading. PEPSI CUT TO NEUTRAL AT MACQUARIE: Macquarie analyst Caroline Levy downgraded Pepsi (PEP) to Neutral from Outperform and cut its price target to $107 from $122 following the company's Q3 report. Levy noted that Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. The analyst said she expects these pressures to remain a drag on margins and cut estimates to reflect dilution from the Sodastream acquisition, tougher comps, and lack of tax reform benefits. Further, Levy expects organic sales growth will require more investment while costs continue to climb. ROKU STARTED WITH A NEUTRAL AT WEDBUSH: Wedbush analyst Michael Pachter initiated Roku (ROKU) with a Neutral rating and $73 price target. While Roku has built an "exceptional" platform on the back of its players and is positioning itself as the best-in-class option for OTT advertising, Roku's growth is fully priced into its share price, Pachter told investors in a research note. The analyst believes that any pullback may provide an opportunity to build a position. SUPER MICRO COMPUTER CUT TO HOLD AT MAXIM: Maxim analyst Nehal Chokshi downgraded Super Micro Computer (SMCI) to Hold from Buy. The analyst stated that while the Bloomberg Businessweek article alleging the company's "servers sold to customers contained malicious microchips" were strongly refuted, the detail, the reputable nature of the source, and the number of cross reference checks lend to its credibility. Chokshi further noted that the company's ongoing delay in releasing its 2017 10K filing adds to his concerns, stating that he no longer sees reward relative to risk as asymmetric. Super Micro Computer shares were higher by 3.1% to $12.99 in late morning trading.
10/19/18
RBCM
10/19/18
UPGRADE
RBCM
Outperform
Roku upgraded to Outperform from Sector Perform at RBC Capital

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HYMTF

Hyundai Motor

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LGF.B

Lionsgate

$15.17

0.4 (2.71%)

, NFLX

Netflix

$378.09

2.94 (0.78%)

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TSLA

Tesla

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HSBC

HSBC

$41.07

-0.16 (-0.39%)

, BLK

BlackRock

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UBER

Uber

$0.00

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, ICE

IntercontinentalExchange

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0.15 (0.20%)

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PIN

Pinterest

$25.63

-0.07 (-0.27%)

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TAP

Molson Coors

$60.80

1.04 (1.74%)

, BUD

AB InBev

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  • 07

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OSS

One Stop Systems

$2.52

(0.00%)

, AMRN

Amarin

$18.77

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GME

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DLNG

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ZUO

Zuora

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CAL

Caleres

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OPNT

Opiant Pharmaceuticals

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NKE

Nike

$88.05

1.3597 (1.57%)

CTAS

Cintas

$208.00

2.78 (1.35%)

CNAT

Conatus

$2.91

0.02 (0.69%)

GG

Goldcorp

$11.17

0.13 (1.18%)

NEM

Newmont Mining

$34.32

0.44 (1.30%)

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  • 25

    Mar

  • 02

    Apr

  • 04

    Apr

  • 04

    Apr

  • 11

    Apr

  • 16

    Apr

  • 23

    Apr

UBER

Uber

$0.00

(0.00%)

, ICE

IntercontinentalExchange

$73.36

0.15 (0.20%)

18:40
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18:40
Periodicals
Uber selects NYSE for 2019 IPO, Bloomberg reports »

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Uber

$0.00

(0.00%)

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$73.36

0.15 (0.20%)

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  • 02

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CVS

CVS Health

$57.40

1.23 (2.19%)

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  • 25

    Mar

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$284.63

3.19 (1.13%)

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EU to offer U.K. Brexit negotiating period extension, Reuters says »

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S&P 500

$0.00

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NOK

Nokia

$6.26

-0.03 (-0.48%)

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Periodicals
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  • 20

    May

DNR

Denbury Resources

$1.95

0.06 (3.17%)

, PVAC

Penn Virginia

$54.29

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PVAC

Penn Virginia

$54.29

1.74 (3.31%)

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  • 07

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IMMP

Immutep

$2.40

-0.095 (-3.82%)

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PVAC

Penn Virginia

$54.29

1.74 (3.31%)

, DNR

Denbury Resources

$1.95

0.06 (3.17%)

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  • 07

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LLL

L3 Technologies

$208.75

1.535 (0.74%)

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  • 04

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GM

General Motors

$37.35

0.35 (0.95%)

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  • 27

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GD

General Dynamics

$169.81

1.21 (0.72%)

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  • 28

    May

NKE

Nike

$88.05

1.3597 (1.57%)

17:41
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Breaking Earnings news story on Nike »

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  • 21

    Mar

  • 04

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NKE

Nike

$88.05

1.3597 (1.57%)

17:39
03/21/19
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Earnings
Nike sees Q4 revenue growth in high single-digit range, consensus $10.38B »

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  • 21

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NKE

Nike

$88.05

1.3597 (1.57%)

17:36
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  • 21

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  • 04

    Apr

LOV

Spark Networks

$11.29

(0.00%)

17:34
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Hot Stocks
Spark Networks to acquire Zoosk, sees adjusted EBITDA to exceed $50M in 2020 »

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ACA

Arcosa

$29.74

-0.16 (-0.54%)

17:29
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Initiation
Arcosa initiated at DA Davidson »

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JNJ

Johnson & Johnson

$138.09

0.86 (0.63%)

17:24
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Hot Stocks
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