Wedbush analyst Michael Pachter reiterated a Buy rating on Roku (NASDAQ:ROKU) on Thursday, setting a price target of $365, which is approximately 16.37% above the present share price of $313.66.
Pachter expects Roku to post earnings per share (EPS) of $0.55 for the fourth quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Strong Buy rating of shares in Roku, with an average price target of $447.67.
The analysts price targets range from a high of $600 to a low of $310.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $645.12 million and a net profit of $69.08 million. The company's market cap is $41.86 billion.
According to TipRanks.com, Wedbush analyst Michael Pachter is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.6% and a 57.19% success rate.
Founded in 2002 and based in California, Roku, Inc. is a television streaming platform. It operates through two business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.