Roku Shares Surge Following Major Analyst Upgrade

Roku’s stock is experiencing a powerful rally after Piper Sandler issued a substantial ratings upgrade. The investment firm elevated its assessment from “Neutral” to “Overweight” while dramatically increasing its price target from $88 to $135. This optimistic outlook comes in response to impressive quarterly performance and compelling profit projections.

The streaming platform’s third-quarter results marked a significant turning point, with Roku reporting GAAP earnings of $0.16 per share—surpassing analyst expectations by a substantial 96.9%. More notably, the company achieved positive operating income for the first time since 2021, reaching this milestone well ahead of its previously stated 2026 target. The adjusted EBITDA figure of $116.9 million also exceeded market forecasts.

While initial Read more...