Roku Inc. Stock Price Volatility

Roku Inc.’s stock price has experienced fluctuations in recent days. Analysts have provided varying forecasts, with some maintaining a buy rating and others reducing their price targets.

• Benchmark maintains a buy rating with a target price of $130.
• Rosenblatt has reduced its target price to $75.
• Evercore ISI has reduced its target price to $80.

The company’s guidance for the current quarter has raised concerns about ad spending, leading to a decline in stock value. Despite this, Roku has reported a narrower Q1 loss and increased revenues year-over-year.

Key Developments

• Roku has reported a narrower Q1 loss.
• Revenues have increased year-over-year.
• The company is set to acquire streamer Frndly TV.

Acquisition Plans

Roku is set to acquire streamer Frndly TV, potentially expanding its offerings.