Roku’s Innovation and Shift in Investment Strategy Sets the Stage for Positive Cash Flow: Analyst

Benchmark analyst Daniel Kurnos reiterated Roku Inc (NASDAQ:ROKU) with a Buy and a $89 price target.

Roku represents an interesting conundrum – still incrementally tied to traditional TV ad budgets and direct sales channels but poised to benefit from the opening of the DSP later this year while also being on the cutting edge of innovation in the recent digital upfronts, along with logging new meaningful partner wins.