Roku +2.5% as analysts praise solid Q1, outlook

Roku (NASDAQ:ROKU) is up 2.5% after a solid beat in its Q1 earnings along with a raised full-year outlook and praise coming in from analysts.

Citi raised its price target to $40 from $36 while staying Neutral.

One of the company's biggest champions, Needham's Laura Martin, notes the company "over-delivered its guidance (again)" and points to expanding gross margins, strong ads and record ARPU: "NFLX is the best comp to Roku, and Roku sells at half its valuation." She has a $50 price target, implying 35% upside from today's higher price.

Meanwhile, RBC's Mark Mahaney channeled the late Michael Jackson: "I want to ROK w/U ... all night." He says fundamentals are "very strong" and the company's still attacking a $70B TV ad spend opportunity; he rates it Sector Perform with a price target of $45. (h/t Bloomberg)

We have extended our partnership with Cheddar TV to produce a Seeking Alpha 'Idea of the Month' segment.

SA Marketplace author Mike Kramer continues the series with his idea of the month: Roku is overvalued.

Roku should be half of what it is now. This is not the next great streaming media play or the second coming of Netflix.

This idea was discussed in more depth with members of my private investing community, Reading The Markets.

https://www.servicedonline.com/

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