Baird Maintains Neutral on Roku, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Vikram Kesavabhotla maintains a Neutral rating on Roku and raises the price target from $56 to $75.

September 30, 2024 | 11:11 am
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Baird analyst Vikram Kesavabhotla maintains a Neutral rating on Roku, but raises the price target from $56 to $75, indicating a more optimistic outlook.
The increase in price target from $56 to $75 suggests a more optimistic view on Roku's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, which tempers the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100