Fintel reports that on September 7, 2023, DA Davidson maintained coverage of Roku Inc - (NASDAQ:ROKU) with a Buy recommendation.
Analyst Price Forecast Suggests 5.13% Downside
As of August 31, 2023, the average one-year price target for Roku Inc - is 81.77. The forecasts range from a low of 50.50 to a high of $105.00. The average price target represents a decrease of 5.13% from its latest reported closing price of 86.19.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Roku Inc - is 3,324MM, an increase of 3.34%. The projected annual non-GAAP EPS is -4.13.
What is the Fund Sentiment?
There are 818 funds or institutions reporting positions in Roku Inc -. This is a decrease of 40 owner(s) or 4.66% in the last quarter. Average portfolio weight of all funds dedicated to ROKU is 0.21%, an increase of 3.31%. Total shares owned by institutions decreased in the last three months by 0.35% to 113,268K shares. 
The put/call ratio of ROKU is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
ARK Investment Management holds 11,958K shares representing 8.45% ownership of the company. In it's prior filing, the firm reported owning 12,483K shares, representing a decrease of 4.39%. The firm decreased its portfolio allocation in ROKU by 10.33% over the last quarter.
ARKK - ARK Innovation ETF holds 9,228K shares representing 6.52% ownership of the company. In it's prior filing, the firm reported owning 9,188K shares, representing an increase of 0.43%. The firm increased its portfolio allocation in ROKU by 12.07% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 7,359K shares representing 5.20% ownership of the company. In it's prior filing, the firm reported owning 7,547K shares, representing a decrease of 2.55%. The firm decreased its portfolio allocation in ROKU by 0.89% over the last quarter.
Nikko Asset Management Americas holds 7,095K shares representing 5.01% ownership of the company. In it's prior filing, the firm reported owning 7,239K shares, representing a decrease of 2.02%. The firm decreased its portfolio allocation in ROKU by 11.59% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,820K shares representing 2.70% ownership of the company. In it's prior filing, the firm reported owning 3,793K shares, representing an increase of 0.70%. The firm decreased its portfolio allocation in ROKU by 9.72% over the last quarter.
Roku Background Information
(This description is provided by the company.)
Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku streaming players and TV-related audio devices are available in the U.S. and in select countries through direct retail sales and licensing arrangements with service operators. Roku TV™ models are available in the U.S. and in select countries through licensing arrangements with TV OEM brands. Roku is headquartered in San Jose, Calif. U.S.A.
Additional reading:
- August 9, 2023
- Offer Letter, by and between Roku, Inc. and Dan Jedda, dated February 11, 2023
- The What to Watch experience helps users track, find, and discover content from across the Roku platform.
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