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Wells Fargo & Company Increases Roku (NASDAQ:ROKU) Price Target to $167.00
Wells Fargo & Company has raised its price target for Roku (NASDAQ:ROKU) to $167.00 from $137.00, maintaining an “overweight” rating. This decision follows Roku’s strong Q1 earnings beat, with EPS of $0.57 against a $0.34 consensus and revenues of $1.25 billion, surpassing expectations. The company also saw significant ad revenue growth and increased its annual platform revenue guidance, leading to several other brokerage firms also lifting their price targets and ratings.