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Roku (ROKU) was downgraded to a Hold Rating at Evercore ISI

Tipranks - Tipranks - Tue Jun 16, 3:24PM CDT

Roku received a Hold rating and price target from Evercore ISI analyst Robert Coolbrith today.

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According to TipRanks, Coolbrith is an analyst with an average return of -4.4% and a 50.00% success rate. Coolbrith covers the Communication Services sector, focusing on stocks such as Roku, AppLovin, and Ziff Davis.

In addition to Evercore ISI, Roku also received a Hold from KeyBanc’s Justin Patterson in a report issued today. However, on the same day, Citizens JMP maintained a Buy rating on Roku (NASDAQ: ROKU).

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Based on Roku’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.25 billion and a net profit of $85.7 million. In comparison, last year the company earned a revenue of $1.02 billion and had a GAAP net loss of $27.43 million

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