Roku, Inc.

We are updating our estimates following Q4 report. Our rating and price target remain unchanged. Q2 FY24: We expect Platform revenue of $804m and gross profit of $426m, Devices revenue of $131m and gross profit of…

A beat but the Q2 guide looks somewhat cautious again for what it’s worth. A couple of less obvious points that stand out. First, The Roku Channel now is now the #3 app on the…

Our Buy thesis is based on our belief that the estimates are beatable at this point and the stock price will go up after beat and raise quarters. The bear arguments that have weighed on…

We are updating our estimates following Q4 report. Our rating and price target remain unchanged. Q1 FY24: We expect Platform revenue of $722m and gross profit of $376m, Devices revenue of $129m and gross profit of…

The beat is not as big as the Street got used to although the guide is a little more optimistic than in recent quarters… It would be helpful to hear on the call if video…

We are introducing Q1 FY24 estimates ahead of the company’s Q4 report. Our full FY24 forecast, rating and price target remain unchanged. Q1 FY24: We expect Platform revenue of $700m and gross profit of $364m, Player…

We are upgrading ROKU shares to buy from Neutral as we now believe that room for upside to FY24 consensus forecast is enough to allow for more meaningful upward estimates revisions than we have seen…

We are updating our model to reflect Q3 results and Q4 guidance. We are adjusting our price target to $88 and Maintain Neutral rating. Our revised forecast is: Q4 FY23: We expect Platform revenue of $807m…

A beat was expected, Adjusted Ebitda guide for Q4 is probably the biggest surprise. A couple of things stand out in the Letter to Shareholders, in our view. The language about advertising trends is getting…

We are updating our model to incorporate the preannouncement issued on September 6th. We are also adjusting our price target to $63 to reflect the recent EV/Gross Profit multiple compression. Our updated estimates are: Q3…

We are updating our model following Q2 results. We are raising our price target to $94 to reflect updated estimates and the current EV/Gross Profit multiple and maintain Neutral rating. Our updated estimates are: Q3…

Another beat in the Platform segment. It seems that the forward commentary in the Shareholder Letter is a touch more optimistic this quarter: in addition to the now usual language about the macro uncertainty it…

We are updating the assumptions underlying our estimates for Q3 and Q4 to reflect the current advertising trends and the potential impact of the writers’ and actors’ strikes. As a result, our estimates for Platform…

The Street is currently focused on sizing up potential incremental revenue resulting from ROKU opening its ad inventory to outside programmatic demand. As we discuss below, this decision is unlikely to contribute materially in the…

We are updating our model to reflect Q1 results and the guidance for Q2. We are trimming our price target to $62.50 and maintain Neutral rating. Q2 FY23: We expect Platform revenue of $666m and…