Wells Fargo & Company has increased its price target for Roku (NASDAQ:ROKU) to $137 from $116, maintaining an “overweight” rating and suggesting a potential upside of over 55%. This positive outlook comes after Roku exceeded Q4 earnings and revenue estimates and raised its full-year revenue expectations to $5.5 billion, driven by higher-margin monetization efforts. Despite bullish analyst sentiment and strong Q4 results, concerns remain regarding insider selling, negative net margin, and return on equity, suggesting valuation and profitability are key issues for investors.
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Wells Fargo & Company Forecasts Strong Price Appreciation for Roku (NASDAQ:ROKU) Stock
Wells Fargo & Company has increased its price target for Roku (NASDAQ:ROKU) to $137 from $116, maintaining an “overweight” rating and suggesting a potential upside of over 55%. This positive outlook comes after Roku exceeded Q4 earnings and revenue estimates and raised its full-year revenue expectations to $5.5 billion, driven by higher-margin monetization efforts. Despite bullish analyst sentiment and strong Q4 results, concerns remain regarding insider selling, negative net margin, and return on equity, suggesting valuation and profitability are key issues for investors.