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Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Update - Nov. 18, 2024 Baird ups Roku to a PT of $90, up from $70. . -Analysts at Baird upgraded Roku (NASDAQ:ROKU) to "outperform" from "neutral," and the research firm thinks the company's shares are not reflecting the meaningful changes in the business and the attractive long-term opportunity. -Baird noted that ROKU is down 25% so far this year compared to the benchmark S&P index's 23% rally. But their optimism for the upside is pegged on increasingly favorable industry trends, positive developments in the company's strategy, and encouraging early indicators in recent results. -They expect the company to deliver sustained double-digit platform revenue growth going ahead and continued margin expansion, driving upside across estimates and valuation over time. -ROKU has a PT of $90, hiked from $70, implyi...

Update - Sept. 11, 2024 Roku looks ready to again hear at $70 after the Cleveland Research note.  Cleveland Research said on Wednesday that third quarter results for Roku ( NASDAQ: ROKU ) would likely be ahead of consensus, helped by linear gains, TTD tailwinds, CPM investments and execution. "3Q momentum sounds strong, driven by incremental linear TV gains, tailwinds from programmatic efforts, and  solid ROKU execution on new products/initiatives—ROKU leveraging supply growth to win on price," the research firm said in their September 11 commentary. Cleveland said the outlook for the streaming device company "looks more constructive," judging by its ability to compete due to new products, new advertisers gains, lower CPMs, and better agency relationships. They expect most growth to come via DSPs. On TTD, Cleveland said partnership seems to be driving incremental revenue as programmatic access improves and volume growth exceeds CPM declines. On ACR data benefits, th...

Update - Dec. 15, 2023 MofettNathanson has been wrong about Roku all year with the $64 price target heading into this downgrade. The market actually following this call by selling off the stock is mind numbing.  -Roku's (NASDAQ:ROKU) stock fell about 2% premarket on Friday after MoffettNathanson downgraded the shares to Sell from Neutral. -The firm cut the rating but raised its price target to $66 from $64 using its imputed EBITDA valuation approach with an 18% theoretical EBITDA margin on its 2025E revenues and a 10.0x EV/EBITDA multiple, as per the analysts. Update - Nov. 3, 2023  Roku reported an impressive quarter, but the most important aspect was guidance for Q4.  Forecast $955 million in Q4 net revenue, better than the consensus $951.3 million Adj. EBITDA $10 million The stock has surged due to the drop from nearly being related to fears Roku would cut guidance due to the Hollywood strikes pressure on ad revenues.  Original article posted on Oct. 24  Roku...

  Update - Mar. 10 Roku  Should get most of the cash back, but definitely an interesting development to have nearly $500M of cash at  Silicon Valley Bank.  Roku stock ( NASDAQ: ROKU ) turned  3.5% lower  after hours after the company stated that it held  about 26% of its cash and equivalents  at Silicon Valley Bank, which  failed Friday  and was closed down by California . Roku has total cash and equivalents of $1.9B, of which $487M was held at SVB - deposits that are "largely uninsured." "At this time, the Company does not know to what extent the Company will be able to recover its cash on deposit at SVB," Roku said. Original article posted on Feb. 17 Roku, Inc. reported Q4 2022 numbers that beat analyst estimates while guiding better than expected for Q1'23. The video streaming platform reported solid active accounts and streaming hours growth, supporting the ARK Invest base case. Roku stock is cheap at $70 at 2x forward sales, but Rok...

  Roku continues to slump following a string of disappointing earnings. The video streaming service already has a large customer base limiting future account additions. The stock isn't appealing with struggling growth and profits ahead. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » While the streaming video sector reports solid growth rates, the business models of the companies involved haven't exactly lived up to grand expectations.  Roku  ( NASDAQ: ROKU ) is a primary example of where limited profits are  paired with strong revenue growth due to the costs to operate in the industry while streaming revenues are cut from the legacy video funnel. My investment thesis is Bearish on the stock despite the potential tradable setup of a double bottom around $100. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page fo...

Renaissance provides this data on the IPOs within the last year that had the largest gains or losses in the last week. Some of the best places to look for future winners are IPOs that sell off. Stocks such as  Beyond Meat (BYND)  and  Tilray (TLRY)  are down significantly from big runs after the IPO so the 10% losses in the last week aren't necessarily appealing. The others are biotech and ETFs so not sure any stocks this week qualify as beaten down IPOs. Maybe the longs like  Roku (ROKU) and  S titch Fix (SFIX)  qualify as the most beaten down.   Add a comment with the IPO that you are buying and why.  More commentary - WhoTrades Disclosure: No position