WMT - Roku Investor Sentiment Decidedly Negative Into Earnings Says Analyst | Benzinga
J.P. Morgan analyst Cory A Carpenter reiterated an Overweight rating on the shares of Roku Inc (NASDAQ:ROKU).
Roku is slated to report first-quarter FY24 earnings on Thursday, April 24.
There is often noise in the scatter market ahead of the Upfronts (& re-setting of prices). Still, the analyst is yet to see evidence of meaningful scatter improvement, and thus, the analyst noted that the first-quarter revenue upside is likely to mirror that of the fourth quarter (3% beat) vs. Roku’s 9% average beat from 3Q22-3Q23.
Also Read: Roku’s Analysts Are Changing Their Forecasts On The Stock – Here’s Why
The analyst noted Roku ...