Roku price target raised to $115 from $95 at JMP Securities

JMP Securities raised the firm’s price target on Roku (ROKU) to $115 from $95 and keeps an Outperform rating on the shares. Roku reported strong Q4 results, with revenue and gross profit coming in 4% and 9% above consensus, while EBITDA was $43M above consensus, and gross profit guidance was 3% ahead of consensus, with EBITDA guidance $63M above consensus, the analyst tells investors in a research note. Roku’s position as the leading TV operating system in the U.S. appears stable, and JMP continues to believe it represents a highly strategic asset with multiple levers to drive higher monetization on its platform.