Strong Ad Trends And Political Spending Boost Are Positive Catalysts For Roku, JP Morgan Analyst Says

JP Morgan analyst Cory A Carpenter raised estimates for Roku, Inc. ROKU ahead of its third-quarter results to reflect recent positive trends. Also, the analyst the price target to $92 (from$90), with an Overweight rating. The analyst expects Roku to deliver strong Platform results due to stable macro and ad trends, robust political spending, and contributions from the Olympics. Consequently, the analyst raised the third-quarter Platform revenue estimate from 9% year-over-year to 11% and from 11% to 12% for ...