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Seaport Global Reaffirms Their Buy Rating on Roku (ROKU)
In a report released today, David Joyce from Seaport Global maintained a Buy rating on Roku, with a price target of $138.00.
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According to TipRanks, Joyce is a 5-star analyst with an average return of 16.8% and a 63.98% success rate. Joyce covers the Communication Services sector, focusing on stocks such as Roku, IMAX, and Sirius XM Holdings.
In a report released on May 1, KeyBanc also maintained a Buy rating on the stock with a $150.00 price target.
Based on Roku’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.25 billion and a net profit of $85.7 million. In comparison, last year the company earned a revenue of $1.02 billion and had a GAAP net loss of $27.43 million