Fintel reports that on January 21, 2025, JMP Securities initiated coverage of Roku (NasdaqGS:ROKU) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 2.96% Upside
As of December 23, 2024, the average one-year price target for Roku is $82.04/share. The forecasts range from a low of $52.09 to a high of $121.80. The average price target represents an increase of 2.96% from its latest reported closing price of $79.68 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Roku is 4,535MM, an increase of 16.39%. The projected annual non-GAAP EPS is -2.48.
What is the Fund Sentiment?
There are 928 funds or institutions reporting positions in Roku. This is an increase of 7 owner(s) or 0.76% in the last quarter. Average portfolio weight of all funds dedicated to ROKU is 0.20%, an increase of 24.76%. Total shares owned by institutions increased in the last three months by 4.20% to 123,043K shares. 
The put/call ratio of ROKU is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
ARK Investment Management holds 11,222K shares representing 8.77% ownership of the company. In its prior filing, the firm reported owning 12,716K shares , representing a decrease of 13.32%. The firm increased its portfolio allocation in ROKU by 13.31% over the last quarter.
FAGAX - Fidelity Advisor Growth Opportunities Fund holds 9,805K shares representing 7.67% ownership of the company. In its prior filing, the firm reported owning 8,652K shares , representing an increase of 11.76%. The firm increased its portfolio allocation in ROKU by 26.21% over the last quarter.
ARKK - ARK Innovation ETF holds 8,214K shares representing 6.42% ownership of the company. In its prior filing, the firm reported owning 8,803K shares , representing a decrease of 7.17%. The firm increased its portfolio allocation in ROKU by 12.56% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 6,451K shares representing 5.04% ownership of the company. In its prior filing, the firm reported owning 6,896K shares , representing a decrease of 6.89%. The firm increased its portfolio allocation in ROKU by 9.42% over the last quarter.
Nikko Asset Management Americas holds 6,208K shares representing 4.85% ownership of the company. In its prior filing, the firm reported owning 6,657K shares , representing a decrease of 7.24%. The firm increased its portfolio allocation in ROKU by 14.07% 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.
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