Roku Set For Q2 Spotlight As Ad Resilience, Frndly Boost, Amazon Deal Fuel Investor Optimism
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Roku, Inc. is set to benefit from the shift in ad spending to streaming, with optimism ahead of its Q2 earnings on July 31. JPMorgan's Cory A Carpenter raised Roku's price target from $85 to $100, citing stable ad spending and easing tariffs. He expects Roku to outperform expectations, reflecting Frndly's $40 million revenue in its outlook and a new partnership with Amazon. Carpenter increased his Q2 Platform revenue growth estimate to 15%, raising adjusted EBITDA from $70 million to $73 million. Roku shares rose 2.85% to $93.70.
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