Expert Ratings for Roku
Portfolio Pulse from Benzinga Insights
Over the last 3 months, 17 Wall Street analysts have provided ratings for Roku (NASDAQ:ROKU), with an average price target of $90.88, which is below the current price of $102.14, suggesting a downside. The ratings include 4 bullish, 5 somewhat bullish, and 8 indifferent, with no bearish or somewhat bearish ratings. The current average price target has increased by 4.36% from the previous target of $87.08. Analysts derive their ratings from various sources, including company calls, financial statements, and insider information.
November 27, 2023 | 5:00 pm
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NEGATIVE IMPACT
Analysts have set an average price target of $90.88 for Roku, which is below its current price, indicating a potential downside. The consensus includes more bullish and somewhat bullish ratings than bearish, with an increase in the target price over the last 3 months.
The average price target provided by analysts suggests that Roku's stock price may decrease in the short term. The lack of bearish ratings indicates a general positive sentiment, but the target price being below the current price leads to a negative score. The relevance is high as the article directly discusses Roku's stock, and the importance is significant due to the potential impact on investment decisions. The confidence level is set at 80, reflecting the inherent uncertainty in analyst predictions and market reactions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100