Our analysis indicates that the potential for Adjusted Ebitda margin expansion driven by Unity Vector is not yet fully appreciated by the Street. In this note, we demonstrate – based on recent disclosures by LFTO…

We are downgrading ROKU to Neutral following the announcement of its acquisition by FOXA. We regard upside as limited given the acquisition price per share.

We think that the current valuation of 17x EV/FY27E Adjusted EBITDA will prove to be unsustainably low, given the combination of the growth opportunity from audience monetization and management’s track record, which has been building…

We are updating our estimates to reflect Q1 results and the latest guidance for FY26. We are adjusting our price target to $10.50 to reflect the updated estimates and the current valuation. We now expect…