Telecommunications

Roku (NASDAQ:ROKU) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 -33.66% MoffettNathanson $64 → $66 Downgrades Neutral → Sell 11/27/2023 16.61% Cannonball Research → $116 Upgrades Neutral → Buy 11/02/2023 0.52% Susquehanna $95 → $100 Maintains Positive 11/02/2023 -24.61% Pivotal Research $58 → $75 Upgrades Sell → Hold 10/31/2023 -44.71% MoffettNathanson → $55 Upgrades Sell → Neutral 10/23/2023 -29.63% Truist Securities $80 → $70 Maintains Hold 10/11/2023 -18.58% Piper Sandler $90 → $81 Maintains Neutral 10/06/2023 — Seaport Global Initiates Coverage On → Neutral 09/28/2023 -21.59% Citigroup $100 → $78 Maintains Neutral 09/27/2023 — Raymond James Reinstates → Market Perform 09/07/2023 0.52% JP Morgan $95 → $100 Maintains Overweight 09/07/2023 2.53% DA Davidson $100 → $102 Maintains Buy 09/07/2023 0.52% Wedbush $93 → $100 Maintains Outperform 09/07/2023 -4.5% Susquehanna → $95 Reiterates Positive → Positive 09/07/2023 15.6% Benchmark $89 → $115 Maintains […]

Roku (ROKU) on Wednesday reported a Q3 loss of $2.33 per diluted share, widening from $0.88 a year earlier. Analysts polled by Capital IQ expected a loss of $2.10. Revenue for the quarter ended Sept. 30 was $912 million, up from $761.4 million a year earlier. Analysts expected revenue of $855.7 million. The company said it expects Q4 revenue of $955 million. Analysts have forecast sales of $951.3 million.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: ROKU benefits on the pivot to video streaming from pay TV. The bull case scenario seems to be a low threshold of just reaching positive EBITDA in 2024. Assuming a high risk premium, we keep our target price at $75 on a forward P/S of 2.48x vs. media peers’ 2.0x average. We narrow our LPS in 2023 by $1.30 to -$3.50 and reduce 2024’s by $0.40 to -$2.40. ROKU posted a normalized loss of -$0.33 (GAAP loss of -$2.33) in Q3 2023 and adj. EBITDA was +43.4M, with guidance of +$10.0M in Q4 2023, which ROKU is steadfast on reaching positive EBITDA for the full year 2024. We forecast total revenue of $3.44B in 2023 and $3.82B in 2024. Platform unit realized 18% Y/Y revenue growth (86%

Roku Reports Active Accounts in Q3 of 75.8 Million Vs Visible Alpha Analyst Consensus of 75.1 Million; Streaming Hours at 26.7 Billion Vs Consensus of 25.9 Billion.

Roku Guides For Q4 Revenue of $955 Million, Vs CIQ Analyst Consensus of $951 Million.