Roku Reports Strong Q1 Earnings, Analysts Raise Price Targets
Roku's shares rose as much as 9% following its first-quarter earnings report, which exceeded expectations in revenue and adjusted EBITDA. Analysts from Morgan Stanley and Bank of America raised their price targets to $150, citing strong performance and potential for further growth. The company's strategic moves in advertising and sports content are seen as key drivers.
Tickers: $ROKU
Topics: Advertising Analyst Ratings Earnings Revenue Growth Roku Stock Price Streaming Industry