Roku, Inc(NASDAQ:ROKU) shares are trading lower today. Analysts slashed their price targets after the first-quarter print on Thursday.
Wedbushanalyst Michael Pachter maintained Roku with an Outperform rating and lowered the price target from $80 to $75.
The reiteration reflected significant opportunities for growth in Roku's business and its commitment to expanding profitably.
Roku reached positive annual EBITDA in 2023, one year earlier than it guided, is on a path to exceed $100 million in annual EBITDA in 2024 and should accelerate from there. Pachter noted Roku will not revert to excessive spending for long-term growth. Instead, Roku has re...
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