08:50 AM EDT, 05/04/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target by $30 to $150 using a higher equity risk premium commensurate with our growth outlook and a forward TEV/EBITDA of 30.0x our 2026 EBITDA estimate of $700M that we expect to grow to $860M in 2027, or 23% Y/Y growth. We do not look back to three-year and five-year TEV/EBITDA history as ROKU's ( ROKU ) business was less mature, unprofitable, and multiples were significantly higher than our benchmark. ROKU's ( ROKU ) shares have a high beta of 2.00 relative to the equity market, which makes its share price potentially twice as volatile as the market. We raise our 2026 EPS by $0.90 to $2.45 and 2027's by $0.55 to $3.35 on projected revenue of $5.7B and $6.5B. We like that ROKU ( ROKU ) has no debt outstanding and $2.38B of cash and cash equivalents. ROKU ( ROKU ) has over $1B of deferred tax asset benefits that will keep its cash taxes low for many years. ROKU ( ROKU ) sees free cash flow continuing to be strong. Management sees a path to over $1B in 2028 from $483.6B in 2025, which gives us confidence in ROKU's ( ROKU ) business model for growth.