In a report released yesterday, Jason Helfstein from Oppenheimer maintained a Buy rating on Roku (ROKU), with a price target of $110.00. The company’s shares closed last Wednesday at $82.42.
According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 17.0% and a 61.7% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and IAC/InterActiveCorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roku with a $136.60 average price target, implying a 60.7% upside from current levels. In a report issued on March 23, Needham also assigned a Buy rating to the stock with a $200.00 price target.
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Based on Roku’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $411 million and GAAP net loss of $15.72 million. In comparison, last year the company earned revenue of $276 million and had a net profit of $6.78 million.
Based on the recent corporate insider activity of 82 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.
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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. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs. Its product categories include advertising, Roku TVs and Streaming Players. The company was founded by Anthony J. Wood in October 2002 and is headquartered in Los Gatos, CA.
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