1 Wall Street Analyst Thinks Roku Stock Is Going to $74. Is It a Buy Around $60? was originally published by The Motley Fool

Susquehanna analyst Shyam Patil recently lowered his firm's price target for Roku to $80 per share and maintained a positive rating. The reduced target still implies a gain of about 38% from recent prices. Roku's been operating since 2002, but it's still losing money. Last year, it lost a stunning $709 million.

Roku stock was rising Monday after a Seaport analyst upgraded his rating. Shares were up 2.8%, to $57.95; the stock is down 37% this year. David Joyce upgraded his rating to Buy from Neutral and increased his price target to $74, which implies a 31% gain from the stock’s closing price of $56.35 on Friday.

Roku is scheduled to report first-quarter earnings on April 25. Analysts surveyed by FactSet expect the company to post a loss of 61 cents per share on $844 million in revenue. A year ago, the company posted a loss of $1.38 per share on revenue of $741 million.

Analyst reiterates Buy rating and $115 PT for Roku Inc (NASDAQ: ROKU), notes tough months but maintains above-consensus view for Q4 2024 and 2025. Expects positive EBITDA in 2024 and FCF growth. Possible headwinds in e-commerce.

Shares of streaming TV platform Roku (NASDAQ: ROKU) jumped 6.3% in the morning session after Seaport Research Partners upgraded the stock's rating from Neutral to Buy and assigned a price target of $74.

Read why Roku's disappointing guidance and lack of sustainable profitability has caused its stock to drop and its FOMO days to be behind.