Analyst Bio:
On June 7, 2023, Barton Crockett, a renowned Rosenblatt analyst, shared his latest insights on Roku (NASDAQ: ROKU). He maintained his Neutral rating on the stock but lowered his price target to $61 per share, down from his previous target of $64. Despite this, Crockett’s track record as a 4-star analyst with an average return of 3.0% and a success rate of 51.46% makes his analysis noteworthy.
The stock has seen its fair share of ups and downs, with a surge of 19% to $75.80 in February 2023 following the company’s impressive results and plans to reduce expense growth. However, high inflation rates have also led to price cuts over the past year, adding to the volatility of the stock.
