ROKU - Roku Analysts Dissect Turnaround Story: 'Stronger Cash Flow Profile' | Benzinga
Shares of Roku Inc (NASDAQ: ROKU) were pulling back Thursday after the company updated its third-quarter guidance.
Needham On Roku
Analyst Laura Martin maintained a Buy rating on Roku and raised the price target from $85 to $100.
Roku raised its revenue and adjusted EBITDA guidance for the third quarter, attributable in part to a one-time write-off in the back half of 2023, Martin said in a note.
Roku's new CFO Dan Jedda was trained at Amazon and "brings a FCF-first focus” to the company, the analyst said.
"We estimate that Roku's OpEx will fall by about $110mm y/y in ...