Telecommunications

The company has been facing headwinds in advertising growth, with streaming giants Disney+ (NYSE:DIS) and Netflix (NASDAQ:NFLX) launching ad tiers and from a broader spending pullback in media and entertainment, according to Seaport Research Partners. The Roku Analyst: David Joyce downgraded the rating for Roku from Neutral to Sell, while establishing a price target of $75. The Roku Thesis: With some improvement in industry digital ad growth expectations for the fourth quarter of 2023 and full-year 2024, this is higher than “our estimates for Roku, implying that the company could be losing share,” Joyce said in the downgrade note. Check out other analyst stock ratings. “While Roku still has ~$2.0B of cash on hand, which is plenty of cushion to handle our expectation of 4Q23E cash burn of $216MM and another $53MM next year, we think the business model is entering a more mature growth phase,” the analyst wrote. “While Roku still benefits from its

Roku, Inc. (NASDAQ: ROKU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 -20.25% Seaport Global → $75 Downgrades Neutral → Sell 12/15/2023 -29.82% MoffettNathanson $64 → $66 Downgrades Neutral → Sell 11/27/2023 23.35% Cannonball Research → $116 Upgrades Neutral → Buy 11/02/2023 6.34% Susquehanna $95 → $100 Maintains Positive 11/02/2023 -20.25% Pivotal Research $58 → $75 Upgrades Sell → Hold 10/31/2023 -41.51% MoffettNathanson → $55 Upgrades Sell → Neutral 10/23/2023 -25.56% Truist Securities $80 → $70 Maintains Hold 10/11/2023 -13.87% Piper Sandler $90 → $81 Maintains Neutral 10/06/2023 — Seaport Global Initiates Coverage On → Neutral 09/28/2023 -17.06% Citigroup $100 → $78 Maintains Neutral 09/27/2023 — Raymond James Reinstates → Market Perform 09/07/2023 6.34% JP Morgan $95 → $100 Maintains Overweight 09/07/2023 8.46% DA Davidson $100 → $102 Maintains Buy 09/07/2023 6.34% Wedbush $93 → $100 Maintains Outperform 09/07/2023 1.02% Susquehanna

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.