Roku's Growth Surges: Analysts Raise Price Targets As Company Expands Ad Reach

Roku, Inc. ROKU shares are trading higher on Friday.Yesterday, the company reported fourth-quarter losses of 24 cents per share, which beat the analyst consensus estimate of losses of 41 cents. Quarterly revenue came in at $1.2 billion, which beat the analyst consensus estimate of$1.14 billion.Roku sees first-quarter revenue of $1.005 billion.Here are the analysts’ takes on the quarterly performance:BofA Securities analyst Ruplu Bhattacharya reiterated the Buy rating on the stock, raising the price forecas ...