Roku Analyst Turns Bullish; Top 5 Upgrades For Friday

As Roku (ROKU) shares soar on strong earnings and a bullish outlook, analysts are turning increasingly positive on the streaming giant. Here are the top 5 upgrades for Friday, highlighting the growing optimism surrounding Roku's future prospects.

1. Benchmark Upgrade to Strong Buy with a $105 Price Target
- Benchmark analyst Daniel Kurnos upgraded Roku to a Strong Buy rating and raised the price target to $105. This upgrade reflects the analyst's confidence in Roku's growth trajectory and the company's ability to generate significant shareholder value.
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2. Seaport Global Upgrade to Buy with a $74 Price Target
- Seaport Global analyst Michael Pachter upgraded Roku to a Buy rating and raised the price target to $74. This upgrade indicates that Seaport Global believes Roku's stock is undervalued at current levels and has significant upside potential.
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3. Wedbush Lowered Price Target to $75 with an Outperform Rating
- Wedbush analyst Michael Pachter lowered Roku's price target to $75 but maintained an Outperform rating. This adjustment in the price target does not change Wedbush's bullish stance on Roku, as the analyst still expects the stock to appreciate in value.
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4. Wells Fargo Downgrade to Underweight with a $51 Price Target
- While Wells Fargo downgraded Roku to an Underweight rating, the analyst maintained a $51 price target. This downgrade does not change Wells Fargo's expectation that Roku's stock will appreciate in value, as the price target remains above the current stock price.
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5. Macquarie Cut in Price Target to $72 with an Outperform Rating
- Macquarie analyst Tim Nollen cut Roku's price target to $72 but maintained an Outperform rating. This adjustment in the price target does not change Macquarie's bullish outlook on Roku, as the analyst still expects the stock to perform well in the coming months.
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These upgrades and their strategic implications support the analyst's bullish stance on Roku, as they reflect a positive outlook on the company's growth trajectory. Investors should consider these upgrades when making investment decisions regarding Roku stock.

As Roku continues to deliver strong results and attract positive analyst sentiment, investors should keep an eye on the company's progress and consider adding Roku to their portfolios. With a growing user base, expanding revenue streams, and a bullish outlook from analysts, Roku appears well-positioned for long-term growth and success in the streaming market.