Oppenheimer Upgrades Roku (ROKU) to Outperform After Stock Dip and Amazon DSP Collaboration
Roku, Inc. (NASDAQ:ROKU) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 6, Oppenheimer upgraded Roku, Inc. (NASDAQ:ROKU) from Perform to Outperform with a price target of $105. The revision comes after ROKU stock fell 25% from its 52-week high, compared with a 4% drop in the NASDAQ over the same period.
Oppenheimer identified a number of potential drivers for Roku, Inc. (NASDAQ:ROKU), which include the recently announced Amazon DSP collaboration, greater interest in the next Winter Olympics, as well as Roku’s Peacock SVOD offering.
The firm predicts Roku’s core platform revenue will climb 15% in 2026 and 16% in 2027, excluding political ads and certain one-time events, slightly exceeding street expectations. In a more optimistic scenario, growth might reach 17% in 2026 and 16% in 2027, boosted by the Amazon deal and the upcoming Olympics.
Founded in 2002, Roku, Inc. (NASDAQ:ROKU) is an American company specializing in smart TVs and streaming devices. The company licenses its streaming technology to other manufacturers and runs an advertising campaign via its streaming network.
While we acknowledge the potential of ROKU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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