Fly News Breaks for February 10, 2020
Feb 10, 2020 | 06:25 EDT
RBC Capital analyst Mark Mahaney kept his Outperform rating and $160 price target on Roku (ROKU) ahead of its Q4 results expected this week, saying his model sensitivity work and intra-quarter data checks suggest that the consensus estimates on the stock are "reasonable, with a reasonable modest upwards bias." The analyst cites his model forecasting active account growth of 30% to 35.2M, platform ARPU growth of 30$ to $23.40, and hours streamed growth of 61% to 11.7M, with the launch of Disney+ (DIS) having helped offset the loss of hours from stopped streaming after extended period without user interaction.
News For ROKU;DIS From the Last 2 Days