Roku price target raised to $85 from $74 at Seaport Research

Seaport Research analyst David Joyce raised the firm’s price target on Roku to $85 from $74 and keeps a Buy rating on the shares. The U.S. ad market is experience one of its strongest growth rates in approximately 20 years and the firm expects a +10.6% growth rate for the company’s advertising, the analyst tells investors. With this improved outlook, the firm is raising its price target on the stock.