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Seaport Global Remains a Buy on Roku (ROKU)

Tipranks - Tipranks - Mon Feb 16, 8:50AM CST

Seaport Global analyst David Joyce maintained a Buy rating on Roku today and set a price target of $130.00.

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Joyce covers the Communication Services sector, focusing on stocks such as Sphere Entertainment, AMC Networks, and IMAX. According to TipRanks, Joyce has an average return of 15.2% and a 62.36% success rate on recommended stocks.

In addition to Seaport Global, Roku also received a Buy from TipRanks – PerPlexity’s PerPlexity Entertainment in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Roku (NASDAQ: ROKU).

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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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