Roku (ROKU), a leading video streaming service available across various platforms, has shown strong resilience, exceeding expectations with a profitable EBITDA of $43.4 million in the third quarter. This early achievement of profitability, coupled with a rebound in the digital-advertising sector, positions Roku for growth. Benefiting from the recovery in the digital-ad market, Roku aligns with major platforms like Alphabet and Meta Platforms.
The company is well-positioned in the connected TV space, especially with major streaming platforms introducing ad-supported tiers. With a notable 20% revenue increase in the last quarter, Roku maintains a bullish outlook, set above $92.00-$93.00, with an upside target of $140.00-$145.00.
The company is well-positioned in the connected TV space, especially with major streaming platforms introducing ad-supported tiers. With a notable 20% revenue increase in the last quarter, Roku maintains a bullish outlook, set above $92.00-$93.00, with an upside target of $140.00-$145.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.