Dade Hayes Finance EditorRoku has established its position as a “strong gatekeeper” in streaming, poised to benefit from an influx in advertising, but it is also a small fish swimming in the vast ocean controlled by major tech firms.That’s the mixed signal from MoffettNathanson analysts Michael Nathanson, who initiated coverage of Roku with a “neutral” rating and a 12-month price target of $145 on its shares.
He issued a 62-page report to clients on Monday identifying the “green lights and yellow flags” he sees around the company. Roku shares are up about 9% in 2020 to date, having seen significant volatility as investors weighed the puts and takes of COVID-19.
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