Roku (ROKU) Added to Citi's Positive Catalyst Watch

Citi maintains Sell on Roku Inc. (NASDAQ: ROKU) price target of $28.00.

Analyst Mark May comments "Roku’s 4Q17 report could similarly produce upside to consensus estimates and the stock and, as such, we are adding ROKU shares to our Positive Catalyst Watch list. Upside would likely be driven by the advertising business (which is still small at ~$200mn/year) and by mgmt’s conservative guidance." The analyst continues to believe the current valuation is overly optimistic on the LT potential of the company's advertising business.

For an analyst ratings summary and ratings history on Roku Inc. click here. For more ratings news on Roku Inc. click here.

Shares of Roku Inc. closed at $48.13 Friday.

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