Roku price target raised to $100 from $85 at Wedbush

Wedbush analyst Alicia Reese raised the firm’s price target on Roku (ROKU) to $100 from $85 and keeps an Outperform rating on the shares. Roku is on a path to exceed $200M in annual EBITDA this year and reach profitability in the next two years while quickly expanding its advertising business and growing internationally, the analyst tells investors in a research note. Wedbush thinks Roku can beat its 2024 EBITDA estimate of $218M, as topline guidance is conservative while expense discipline remains a top priority.