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Fly News Breaks for February 14, 2020
ROKU
Feb 14, 2020 | 09:19 EDT
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.
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