Roku Inc (ROKU) received a Sell rating and a $60 price target from Pivotal Research analyst Jeffrey Wlodarczak today. The company’s shares closed last Monday at $133.76.
Wlodarczak noted:
“We value ROKU using a DCF (9%, 17X ’25 EBITDA/3X revenue) to arrive at a $60 YE’20 target price.”
According to TipRanks.com, Wlodarczak is a 5-star analyst with an average return of 9.7% and a 64.2% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty Media Corporation Series A Liberty Formula One, and Charter Communications.
Currently, the analyst consensus on Roku Inc is a Moderate Buy with an average price target of $126.62.
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Based on Roku Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $9.33 million. In comparison, last year the company had a net profit of $526K.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROKU in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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