KeyBanc analyst Evan Wingren maintained a Buy rating on Roku Inc (NASDAQ: ROKU) today and set a price target of $54. The company’s shares closed yesterday at $48.26.
Wingren has an average return of 32.7% when recommending Roku Inc.
According to TipRanks.com, Wingren is ranked #403 out of 4843 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roku Inc with a $44.50 average price target, representing a -7.8% downside. In a report issued on July 2, Oppenheimer also upgraded the stock to Buy with a $50 price target.
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Based on Roku Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.63 million. In comparison, last year the company had a GAAP net loss of $15.51 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.
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Roku Inc. engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.
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