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Roku Inc. (ROKU) PT Raised to $260 at Rosenblatt

November 6, 2020
Mark Zgutowicz

Rosenblatt analyst Mark Zgutowicz raised the price target on Roku Inc. (NASDAQ: ROKU) to $260.00 (from $195.00) while maintaining a Buy rating.

The analyst commented, "We're seeing the linear TV inflection in play and there doesn't appear to be anything stopping the steady dollar flow to CTV. Any concerns about 3Q Content Distribution gains relating to 606 accounting are unwarranted and should be well understood in light of Roku's engagement strength this past year. We reiterate our Buy rating and take our DCF based PT up from $195 to $260, impying 14.5x EV/NTM revenue."

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