Analysts See a 19% Upside in Roku Inc. (ROKU)

Core Insights - Roku Inc. (NASDAQ: ROKU) is highlighted as one of the top 10 stocks to buy from Cathie Wood's ARK Investment Management portfolio, although the fund has reduced its stake by nearly 13% by the end of Q3, bringing the share count down to 7.35 million, valued at approximately $736 million [1] Analyst Ratings - As of November 27, over 60% of analysts covering Roku have assigned a Buy or equivalent rating, with a consensus 1-year median price target indicating a 19% upside potential [2] - UBS analyst John Hodulik raised his price target on Roku to $103 from $95, maintaining a Neutral rating despite acknowledging the company's strong quarterly results [4] - Piper Sandler analyst Thomas Champion upgraded Roku's rating to Buy and raised the price target to $135 from $88, citing increased confidence in the company's revenue growth trajectory [5] Recent Trading Activity - On November 6, ARK Investment Management further reduced its stake in Roku by selling 160,812 shares for around $17 million, following earlier sales of 15,362 and 105,576 shares on November 4 and 5, respectively [3] - As of November 26, the combined Roku position across ARK's three actively managed ETFs was approximately $561 million, indicating a trend of reducing investment in the stock [3]