Fintel reports that on July 28, 2023, JP Morgan maintained coverage of Roku Inc - (NASDAQ:ROKU) with a Overweight recommendation.
Analyst Price Forecast Suggests 23.01% Downside
As of July 6, 2023, the average one-year price target for Roku Inc - is 68.99. The forecasts range from a low of 41.41 to a high of $93.45. The average price target represents a decrease of 23.01% from its latest reported closing price of 89.61.
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 847 funds or institutions reporting positions in Roku Inc -. This is an increase of 7 owner(s) or 0.83% in the last quarter. Average portfolio weight of all funds dedicated to ROKU is 0.21%, an increase of 11.03%. Total shares owned by institutions decreased in the last three months by 1.61% to 113,134K shares. 
The put/call ratio of ROKU is 0.85, indicating a bullish outlook.
What are Other Shareholders Doing?
ARK Investment Management holds 11,958K shares representing 8.49% 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 6.55% 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 7,547K shares representing 5.36% ownership of the company. In it's prior filing, the firm reported owning 7,847K shares, representing a decrease of 3.98%. The firm increased its portfolio allocation in ROKU by 46.35% over the last quarter.
Nikko Asset Management Americas holds 7,239K shares representing 5.14% ownership of the company. In it's prior filing, the firm reported owning 7,512K shares, representing a decrease of 3.77%. The firm increased its portfolio allocation in ROKU by 22.77% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,793K shares representing 2.69% ownership of the company. In it's prior filing, the firm reported owning 3,692K shares, representing an increase of 2.68%. The firm increased its portfolio allocation in ROKU by 53.44% 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:
- 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.
- Key Operating Metrics Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 YoY % Active Accounts (millions) 61.3 63.1 65.4 70.0 71.6 17 % Streaming Hours (billions) 20.9 20.7 21.9 23.9 25.1 20 % ARPU ($) $ 42.60 $ 43.81 $ 44.01 $ 41.68 $ 40.67 (5) % Summary Financials ($ i
- Dan Jedda to Join Roku as Chief Financial Officer
- List of Significant Subsidiaries of Roku, Inc.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
