2022-04-29 07:53:17 ROKU Roku
04/29/22 04/2907:53 04/29/2207:53 | Roku price target lowered to $190 from $230 at StephensStephens analyst Nicholas Zangler lowered the firm's price target on Roku to $190 from $230, noting that ad-tech valuations remain under significant pressure given macroeconomic uncertainties, and keeps an Overweight rating on the shares following the company's Q1 report. Active accounts increased by 1.2M sequentially to 61.3M, in-line with consensus, while Platform revenues beat the Street view, Zangler noted. While Q2 guidance came in below consensus "across all metrics," Roku maintained its full year revenue guidance for 35% growth, Zangler added. |
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