Evercore Boosts Roku (ROKU) Price Target Following Strong Streaming Platform Results

Roku, Inc. (NASDAQ:ROKU) ranks among billionaire Stanley Druckenmiller’s 10 best stock picks. On February 13, Evercore ISI boosted Roku, Inc. (NASDAQ:ROKU)’s price target to $150 from $145 while keeping an Outperform rating following the company’s fourth-quarter results announcement. The streaming company posted what Evercore deemed a “clean beat and raise” quarter, with quarterly revenue and EBITDA surpassing street estimates by 3% and 17%, respectively.

Even with a 10-percentage-point harsher comparison, platform sales growth surged to 18% year-over-year in Q4 versus 17% in the previous quarter, and this is anticipated to further improve to above 21% in Q1 2026.

Evercore cited several possible drivers for Roku, Inc. (NASDAQ:ROKU), including Amazon DSP adoption, a Home Screen revamp, and U.S. political advertising, all of which are likely to add to growth through 2026, with Roku Ad Manager viewed as a potential long-term growth driver.

Founded in 2002, Roku, Inc. (NASDAQ:ROKU) is an American company specializing in smart TVs and streaming devices. The company licenses its streaming technology to other manufacturers and runs an advertising campaign via its streaming network.

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Disclosure: None. This article is originally published at Insider Monkey.