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ROKU

Roku

$108.06

1.615 (1.52%)

06:09
10/09/19
10/09
06:09
10/09/19
06:09

Roku upgraded to Outperform from Neutral at Macquarie

  • 19

    Nov

ROKU Roku
$108.06

1.615 (1.52%)

09/20/19
PIVT
09/20/19
INITIATION
Target $60
PIVT
Sell
Pivotal starts 'dramatically overvalued' Roku with Sell rating, $60 target
Pivotal Research analyst Jeffrey Wlodarczak initiated coverage of Roku (ROKU) with a Sell rating and $60 price target. The streaming service closed yesterday up 3% to $133.76. The emergence of "dramatically" more competition will likely drive the cost of over-the-top devices to zero and put "material" pressure on advertising revenue splits, Wlodarczak tells investors in a research note partially titled "Is ROKU BROKU?" Comcast's (CMCSA) recent moves with its free Xfinity Flex product will likely be copied by other distributors, adds the analyst. He believes Comcast's move to free will materially reduce Roku's potential outsized subscriber growth and average revenue per user opportunities, or the reasons for the stock's "premium" valuation. Roku management deserves credit for the asset they have created, but "everyone has realized the living room is too important and the big boys with massive leverage" are likely to make the company's growth much more difficult, argues Wlodarczak. The analyst believes that despite the recent selloff, shares of Roku are still "dramatically overvalued."
09/20/19
OPCO
09/20/19
NO CHANGE
Target $155
OPCO
Outperform
Roku price target raised to $155 from $120 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Roku to $155 from $120 and maintained an Outperform rating after evaluating the impact of Roku's international expansion plans and the slew of new OTT streaming services coming to market in the fourth quarter and in 2020. Helfstein tells investors in a research note that he feels Roku's U.S. strategy play-book should allow fast international market share, which generates value of $10/share from the U.K. and $4/share for Brazil. The analyst says that while shares remain expensive, he sees the stock moving higher from current levels given the current growth and bullish secular outlook.
09/20/19
09/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Roku (ROKU) initiated with a Sell at Pivotal Research. 2. Carvana (CVNA) initiated with an Outperform at Oppenheimer. 3. Zealand Pharma (ZEAL) and MyoKardia (MYOK) were initiated with a Buy at Guggenheim. 4. Wayfair (W) initiated with a Sell at Berenberg. 5. Eton Pharmaceuticals (ETON) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/19
NEED
09/20/19
NO CHANGE
Target $150
NEED
Buy
Needham defends Roku, says competing successfully against media giants
Needham analyst Laura Martin commented on the recent weakness in Roku stock, telling investors in a research note that even if Roku's hardware sales "went to zero tomorrow," hardware sales represented a total of 5% of Roku's profit contribution and that the financial downside would be "minimal." Martin also argues that Roku's economic momentum is primarily driven by revenue share upside Roku will get from new SVOD services like Apple+ and Disney+ that must pay Roku to access their 30M OTT customers, and that Roku is a stronger competitor with more financial momentum and deeper moats, plus a well-established track record of competing successfully against media giants. She maintains a Buy rating and $150 price target on the stock.

TODAY'S FREE FLY STORIES

CRM

Salesforce

$145.02

2.75 (1.93%)

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    Dec

DYMEF

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CMG

Chipotle

$785.08

-46.605 (-5.60%)

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  • 12

    Nov

BA

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$340.95

3.5 (1.04%)

, CAT

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$133.30

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SPLK

Splunk

$117.82

7.41 (6.71%)

12:25
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Splunk call volume above normal and directionally bullish »

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TMO

Thermo Fisher

$297.03

16.14 (5.75%)

12:23
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  • 23

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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Volume is average for…

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GPS

Gap

$17.60

-0.27 (-1.51%)

12:15
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Gap put volume heavy and directionally bearish »

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  • 21

    Nov

PYPL

PayPal

$95.85

-1.55 (-1.59%)

, SYF

Synchrony

$34.88

-0.1 (-0.29%)

12:14
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PYPL

PayPal

$95.85

-1.55 (-1.59%)

SYF

Synchrony

$34.88

-0.1 (-0.29%)

V

Visa

$171.35

0.46 (0.27%)

MA

MasterCard

$260.61

-0.69 (-0.26%)

FB

Facebook

$184.50

2.23 (1.22%)

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  • 23

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F

Ford

$9.04

-0.025 (-0.28%)

12:00
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Large pre-earnings calendar spread in Ford ahead of earnings »

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  • 23

    Oct

TXN

Texas Instruments

$120.29

-8.32 (-6.47%)

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Aggressive post-earnings put seller in Texas Instruments »

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GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

, FB

Facebook

$185.39

3.12 (1.71%)

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FB

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$185.39

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  • 23

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SPY

SPDR S&P 500 ETF Trust

$299.50

0.47 (0.16%)

, SPX

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$0.00

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President Trump says lifting sanctions on Turkey with ceasefire to be permanent »

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SPY

SPDR S&P 500 ETF Trust

$299.50

0.47 (0.16%)

SPX

S&P 500

$0.00

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ZS

Zscaler

$41.57

0.84 (2.06%)

11:45
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Options
Zscaler call volume above normal and directionally bullish »

Bullish option flow…

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  • 16

    Dec

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Treasury's $20 B 2-year FRN was awarded at a high discount margin of 0.300% »

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SDC

SmileDirectClub

$10.19

0.685 (7.21%)

11:39
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SmileDirectClub analyst commentary  »

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  • 12

    Nov

HEXO

Hexo

$2.54

-0.05 (-1.93%)

11:39
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  • 24

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SAVE

Spirit Airlines

$37.33

0.08 (0.21%)

, EADSY

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$0.00

(0.00%)

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SAVE

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$37.33

0.08 (0.21%)

EADSY

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$0.00

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  • 24

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KAMN

Kaman

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  • 05

    Nov

TWTR

Twitter

$38.93

0.11 (0.28%)

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  • 23

    Oct

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ABMD

Abiomed

$175.20

4.45 (2.61%)

, ABT

Abbott

$81.49

0.95 (1.18%)

11:29
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ABMD

Abiomed

$175.20

4.45 (2.61%)

ABT

Abbott

$81.49

0.95 (1.18%)

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  • 31

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HEMA

HemaCare Corp.

$0.00

(0.00%)

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Breaking Periodicals news story on HemaCare Corp. »

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