Roku (ROKU)

• Market cap: $11.7B
• 1 day: 2.75%
• 5 days: -2.59%
• 1 month: 17.29%
• 3 months: 6.01%
• 6 months: 50.16%
• Year to date: -9.45%
• 1 year: -9.56%
• 5 years: -41.13%
• 10 years: 242.94%
• Sector: Communication Services
• Industry: Cable & Other Pay Television Services

About: Roku enables consumers to stream television programming. It has more than 80 million streaming households and provided well over 100 billion streaming hours in 2023. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.

Employees: 3,150

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

40% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]

27% more capital invested

Capital invested by funds: $6.21B [Q2] → $7.87B (+$1.66B) [Q3]

1.15% more ownership

Funds ownership: 81.69% [Q2] → 82.84% (+1.15%) [Q3]

5% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 73

1% more funds holding

Funds holding: 521 [Q2] → 525 (+4) [Q3]

1% less call options, than puts

Call options by funds: $768M | Put options by funds: $779M

18% less repeat investments, than reductions

Existing positions increased: 155 | Existing positions reduced: 190

Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $55 32% downside
• Avg. target: $82 2% upside
• High target: $100 24% upside

15 analyst ratings

• positive: 7 47%
• neutral: 6 40%
• negative: 2 13%

Loop Capital Alan Gould 84% 1-year accuracy 16 / 19 met price target	1% downside $80	Hold Maintained	9 Dec 2024
Wedbush Alicia Reese 91% 1-year accuracy 10 / 11 met price target	24% upside $100	Outperform Maintained	6 Dec 2024
Needham Laura Martin 77% 1-year accuracy 252 / 329 met price target	24% upside $100	Buy Maintained	4 Dec 2024
UBS John Hodulik 80% 1-year accuracy 12 / 15 met price target	9% downside $73	Neutral Initiated	22 Nov 2024
Baird Vikram Kesavabhotla 92% 1-year accuracy 11 / 12 met price target	12% upside $90	Outperform Upgraded	18 Nov 2024