Added to YB: 2024-01-17
Pitch date: 2024-01-16
ROKU [bullish]
Roku, Inc.
+7.67%
current return
Author Info
No bio for this author
Company Info
Roku, Inc., together with its subsidiaries, operates a TV streaming platform in the United States and internationally.
Market Cap
$13.3B
Pitch Price
$83.23
Price Target
161.35 (+80%)
Dividend
N/A
EV/EBITDA
32.55
P/E
152.64
EV/Sales
2.42
Sector
Entertainment
Category
growth
Roku: Outlook For 2024 As Ad Spending Is Expected To Grow
$ROKU: Biz metrics & valuation improve, stock +70%. Roku to gain from 22-40% CTV ad spend jump in '24 amid macro tailwinds. Own-brand TVs drive growth w/ $2B cash. Assuming 10-12M new users & $45 ARPU, '24 revs ~$4.3B (+24% YoY). Strategy mirrors Apple's ecosystem play for margin expansion & GAAP profit in '24. Strong buy ~$80, $161 FV on path to $30-40B ad revs LT.
Read full article (7 min)