Fintel reports that on April 24, 2023, Benchmark reiterated coverage of Roku Inc – (NASDAQ:ROKU) with a Buy recommendation.
Analyst Price Forecast Suggests 20.82% Upside
As of April 24, 2023, the average one-year price target for Roku Inc – is 70.14. The forecasts range from a low of 36.36 to a high of $93.45. The average price target represents an increase of 20.82% from its latest reported closing price of 58.05.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Roku Inc – is 3,324MM, an increase of 6.32%. The projected annual non-GAAP EPS is -4.13.
What is the Fund Sentiment?
There are 839 funds or institutions reporting positions in Roku Inc -. This is a decrease of 68 owner(s) or 7.50% in the last quarter. Average portfolio weight of all funds dedicated to ROKU is 0.19%, a decrease of 18.57%. Total shares owned by institutions increased in the last three months by 4.82% to 115,360K shares. The put/call ratio of ROKU is 0.95, indicating a bullish outlook.
What are Other Shareholders Doing?
ARK Investment Management holds 12,483K shares representing 8.91% ownership of the company. In it’s prior filing, the firm reported owning 12,115K shares, representing an increase of 2.95%. The firm increased its portfolio allocation in ROKU by 32.16% over the last quarter.
ARKK – ARK Innovation ETF holds 9,188K shares representing 6.56% ownership of the company. In it’s prior filing, the firm reported owning 9,132K shares, representing an increase of 0.61%. The firm increased its portfolio allocation in ROKU by 4.29% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 7,847K shares representing 5.60% ownership of the company. In it’s prior filing, the firm reported owning 7,403K shares, representing an increase of 5.66%. The firm decreased its portfolio allocation in ROKU by 99.93% over the last quarter.
Nikko Asset Management Americas holds 7,512K shares representing 5.36% ownership of the company. In it’s prior filing, the firm reported owning 7,069K shares, representing an increase of 5.89%. The firm decreased its portfolio allocation in ROKU by 14.18% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,692K shares representing 2.63% ownership of the company. In it’s prior filing, the firm reported owning 3,609K shares, representing an increase of 2.25%. The firm decreased its portfolio allocation in ROKU by 31.83% 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.
See all Roku Inc – regulatory filings.
This story originally appeared on Fintel.
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