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Wells Fargo Keeps Their Buy Rating on Roku (ROKU)

Tipranks - Tipranks - Sat Feb 14, 8:50AM CST

In a report released today, Steven Cahall from Wells Fargo maintained a Buy rating on Roku, with a price target of $137.00.

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Cahall covers the Communication Services sector, focusing on stocks such as Roku, Walt Disney, and Nexstar Media Group. According to TipRanks, Cahall has an average return of 6.9% and a 54.08% success rate on recommended stocks.

In addition to Wells Fargo, Roku also received a Buy from Morgan Stanley’s Thomas Yeh in a report issued today. However, on the same day, UBS maintained a Hold rating on Roku (NASDAQ: ROKU).

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Based on Roku’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.21 billion and a net profit of $24.81 million. In comparison, last year the company earned a revenue of $1.06 billion and had a GAAP net loss of $9.03 million

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