Jeffrey Wlodarczak, the Principal and Internet/Media/Communications Analyst for Pivotal Research Group, has given a good look at Roku and made some adjustments to his firm’s “above-consensus” Q4 financial expectations. But, at the same time, Wlodarczak has “modestly raised” his 2024 EBITDA and free cash flow expectations.
This, in turn, led Pivotal to raise its year-end 2024 target price for Roku stock.