Roku price target raised to $92 from $90 at JPMorgan

JPMorgan analyst Cory Carpenter raised the firm’s price target on Roku to $92 from $90 and keeps an Overweight rating on the shares. The firm increased Roku estimates ahead of the Q3 earnings report to reflect recent positive trends. The analyst expects Roku to deliver strong Platform results on the combination of stable macro and ad trends intra-quarter. JPMorgan’s checks suggest “robust” political spend.