Option Millionaires

[jimmybob]

Roku price target lowered to $150 from $240 at Benchmark
Benchmark analyst Daniel Kurnos lowered the firm's price target on Roku to $150 from $240 and keeps a Buy rating on the shares ahead of the company reporting Q2 results tomorrow after the close. The "general consensus at this point is that 2022 revenue guidance needs to come down," but too much of a revenue guide reduction, assuming there is one, would likely stoke fears that Roku is potentially losing share in an ecosystem that is about to feature more major AVOD or AVOD hybrid competitors, Kurnos tells investors. While he is adopting a more conservative stance with regards to 2023 and is now expecting modest growth in his base case, Kurnos adds that "none of our channel checks suggest a social media-like precipice for CTV