Roku price target raised to $85 from $75 at Wedbush

Wedbush raised the firm’s price target on Roku (ROKU) to $85 from $75 and keeps an Outperform rating on the shares ahead of the Q3 earnings report on October 30. Roku is on a path to exceed $150M in annual EBITDA in 2024 and reach profitability in the next few years, while swiftly expanding its advertising business and growing internationally, the analyst tells investors in a research note. The firm thinks Roku’s guidance is conservative.