Citigroup Maintains Neutral on Roku, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet maintains a Neutral rating on Roku but raises the price target from $60 to $77.
September 25, 2024 | 6:15 pm
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Citigroup analyst Jason Bazinet maintains a Neutral rating on Roku, but raises the price target from $60 to $77, indicating a more optimistic outlook.
The increase in price target from $60 to $77 suggests a more positive outlook on Roku's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100