Citizens Reiterates Buy Rating on Roku, Inc. (ROKU)
Citizens maintains its buy rating on Roku with a $175 target.
Key Points
- Citizens reiterated its buy rating on Roku, Inc. (NasdaqGS: ROKU) with a price target of $175 on June 15, 2026.
- Roku shares trade near $143.66, with a market cap of $21.2 billion and a P/E ratio of 106.4.
- Insiders, including CEO Anthony Wood, made notable trades, while analysts largely maintain buy ratings.
On June 15, 2026, Citizens reiterated its buy rating on Roku, Inc. (NasdaqGS: ROKU), setting a price target of $175. Analyst Matthew Condon confirmed the rating as part of Citizens' ongoing coverage of the company.
What Changed in Citizens' Roku, Inc. Position
Citizens maintained its buy rating for Roku, Inc., suggesting confidence in the company's future performance. The price target set at $175 indicates potential upside from the current trading levels.
Other Institutional Activity in Roku, Inc.
FMR LLC increased its stake in Roku by 3,331,410 shares, now holding 17,011,060 shares valued at about $1.61 billion. BlackRock, Inc. added 483,241 shares, bringing its total to 7,426,295 shares worth approximately $702.7 million. ARK Investment Management LLC cut its holdings by 2,061,333 shares, reducing its total to 3,820,405 shares valued at $361.5 million. Geode Capital Management, LLC also boosted its position by 316,770 shares, now holding 2,780,900 shares worth $263.5 million.
Roku, Inc. Stock Snapshot
Shares of Roku, Inc. (NasdaqGS: ROKU) recently traded around $143.66. The company boasts a market cap of approximately $21.2 billion, with a P/E ratio of 106.4 and a forward P/E of 40.3. Roku has a beta of 2.027, indicating higher volatility compared to the market. The stock's 52-week range is between $77.64 and $148.88, with a 50-day moving average of $119.26 and a 200-day moving average of $104.19.
Recent Earnings
Roku, Inc. reported a revenue of $4.97 billion, reflecting a 22.4% growth rate. The company achieved a net margin of 4.1% and a return on equity of 7.8%. The next earnings report is scheduled for July 30, 2026.
Insider Buying and Selling at Roku, Inc.
On June 12, 2026, CEO Anthony Wood made significant trades, buying 25,000 shares and selling another 25,000 shares at an average price of $130 under a planned transaction. Mustafa Ozgen, President of Devices, also sold 10,194 shares at $144 per share, in a planned transaction. Additionally, Jeff Hastings purchased 1,745 shares on June 11, 2026.
Analysts Set New Price Targets
On June 15, 2026, Citizens maintained its buy rating with a $175 target price. Needham also reiterated its buy rating with a $170 target. Earlier, on June 12, Evercore ISI Group maintained a buy rating, setting a target of $185. The consensus rating is a strong buy, with a mean target price of $148.07 from 27 analysts.
About Roku, Inc.
Roku, Inc. operates a TV streaming platform that provides users access to TV shows, movies, news, and sports, along with digital advertising services. The company, headquartered in San Jose, California, also sells streaming players, Roku-branded TVs, and smart home products. Founded in 2002, Roku is led by CEO Anthony J. Wood and employs around 3,600 people.
Bottom Line
Citizens' reiteration of a buy rating and a $175 price target for Roku, Inc. reflects continued confidence in the company's growth prospects. With a solid market position and a diverse product offering, Roku remains a focal point for investors. The 13F filings and analyst ratings provide a snapshot of institutional sentiment, though investors should consider these as part of a broader investment strategy.
See Also
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