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Jefferies Remains a Buy on Roku (ROKU)

Tipranks - Tipranks - Tue Apr 21, 12:10AM CDT

Jefferies analyst James Heaney CFA maintained a Buy rating on Roku yesterday and set a price target of $140.00.

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Heaney CFA covers the Communication Services sector, focusing on stocks such as Netflix, Spotify, and Roku. According to TipRanks, Heaney CFA has an average return of 16.7% and a 40.88% success rate on recommended stocks.

In a report released on April 17, Robert W. Baird also maintained a Buy rating on the stock with a $130.00 price target.

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Based on Roku’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.39 billion and a net profit of $80.48 million. In comparison, last year the company earned a revenue of $1.2 billion and had a GAAP net loss of $35.55 million

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