Roku (ROKU) - Get Report shares streamed higher on Friday after the video-streaming platform company posted a fourth-quarter earnings beat that in turn prompted at least two Wall Street analysts to raise their one-year price targets on the stock.
Roku posted earnings of 53 cents a share, or 49 cents a share on an adjusted basis, on revenue of $649.9 million, a 58% year-over-year increase. Analysts were expecting an adjusted loss of 5 cents a share on revenue of $617.7 million.
Analysts were broadly positive on the report, with several firms raising their price targets, though they also cautioned about the stock’s lofty valuation.
Watch the video above to learn more about what analysts expect for Roku over the long term.