Roku (NASDAQ:ROKU) Stock

ROKU INC

Roku

Roku enables consumers to stream television programming. It has more than 90 million streaming households and provided 127 billion streaming hours in 2024. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.

Roku Inc

Citigroup analyst Jason Bazinet maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Neutral and raises the price target from $68 to $84.

News

Price Target

Analyst Ratings

ROKU

Citigroup Maintains Neutral on Roku, Raises Price Target to $84

B of A Securities analyst Ruplu Bhattacharya maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Buy and raises the price target from $85 to $100.

B of A Securities Maintains Buy on Roku, Raises Price Target to $100

JMP Securities analyst Matthew Condon reiterates Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Market Outperform and maintains $95 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Roku, Maintains $95 Price Target

Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) has inked a strategic partnership with Amazon.com Inc (NASDAQ: AMZN).
The success of the partnership increases the probability of Amazon acquiring Roku at the end of its exclusivity period, according to Needham.
The Roku Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/580607ae846faa000106ab43/laura-martin">Analyst Laura Martin</a> maintained a Buy rating and price target of $88.50.
The Roku Thesis: The firm could transition to a platform and data company due to the deal that gives Amazon's DSP (demand-side platform) exclusive access to all of Roku's 80 million homes in the U.S. and 150 million logged-in CTV viewers for an estimated three years, Martin said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The odds of Roku being acquired by Amazon increases, as the ecommerce giant may want to "continue to control Roku&#8217;s CTV ad inventory," she added.
"AMZN and Roku have complimentary ad reach, because AMZN targets homes above the U.S. average household income of $80,000, while Roku targets homes below the U.S. average household income, we believe," the analyst wrote.
While Roku&#8217;s deal with Trade Desk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) is for ad units only on The Roku Channel, the deal with Amazon "is more far-reaching across Roku&#8217;s entire CTV platform," she further stated.
ROKU Price Action: Shares of Roku were down 0.8% to $81.45 at the time of publication on Tuesday.
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Photo: Shutterstock

Analyst Color

Roku Handed Amazon A Powerful Ad Edge—Acquisition Odds Jump, Analyst Says

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>UBS raised Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) price target from $160 to $207. UBS analyst William Appicelli maintained a Buy rating. Vistra shares closed at $177.20 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/VST/analyst-ratings">view this stoc</a>k.</li>
<li>Stephens &amp; Co. cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $300 to $280. Stephens &amp; Co. analyst Daniel Imbro maintained an Overweight rating. FedEx shares closed at $226.74 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">view this stock</a>.</li>
<li>Wells Fargo cut Blueprint Medicines Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) price target from $143 to $129. Wells Fargo analyst Derek Archila downgraded the stock from Overweight to Equal-Weight. Blueprint Medicines shares closed at $128.25 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/BPMC/analyst-ratings">view this stock</a>.</li>
<li>Citigroup slashed the price target for McCormick &amp; Company, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) from $80 to $77. Citigroup analyst Thomas Palmer maintained a Neutral rating. McCormick shares closed at $73.90 on Monday. <a href="https://www.benzinga.com/quote/MKC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays raised the price target for NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) from $170 to $200. Barclays analyst Tom O&#8217;Malley maintained an Overweight rating. Nvidia shares closed at $144.69 on Monday. See how other <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">analysts view this stock</a>.</li>
<li>JP Morgan increased Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) price target from $245 to $305. JP Morgan analyst Bennett Moore maintained an Overweight rating. Carpenter Technology shares settled at $248.72 on Monday. <a href="https://www.benzinga.com/quote/CRS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS raised Alkermes plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKS#NASDAQ">ALKS</a>) price target from $33 to $42. UBS analyst Ashwani Verma upgraded the stock from Neutral to Buy. Alkermes shares closed at $29.42 on Monday. <a href="https://www.benzinga.com/quote/ALKS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital increased Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) price target from $80 to $100. Loop Capital analyst Alan Gould upgraded the stock from Hold to Buy. Roku shares closed at $82.17 on Monday.  <a href="https://www.benzinga.com/quote/ROKU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark boosted the price target for Belden Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) from $120 to $130. Benchmark analyst David Williams maintained a Buy rating. Belden shares settled at $109.56 on Monday. <a href="https://www.benzinga.com/quote/BDC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham increased Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) price target from $12 to $15. Needham analyst John Todaro maintained a Buy rating. Riot Platforms shares closed at $10.17 on Monday. <a href="https://www.benzinga.com/quote/RIOT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying NVDA stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/NVDA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17095847/image-266-1024x574.png" alt="" class="wp-image-952367" style="width:611px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17095847/image-266-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17095847/image-266-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17095847/image-266-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17095847/image-266.png 1123w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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</ul>
Photo via Shutterstock

Markets

Trading Ideas

ALKS

BPMC

NVDA

RIOT

Nvidia To Rally More Than 38%? Here Are 10 Top Analyst Forecasts For Tuesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Needham analyst David Saxon upgraded the rating for The Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) from Hold to Buy and maintained the price target of $94. Cooper Companies shares closed at $69.74 on Monday. <a href="https://www.benzinga.com/quote/COO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital analyst Alan Gould upgraded Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) from Hold to Buy and raised the price target from $80 to $100. Roku shares closed at $82.17 on Monday. <a href="https://www.benzinga.com/quote/ROKU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Ashwani Verma upgraded the rating for Alkermes plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKS#NASDAQ">ALKS</a>) from Neutral to Buy and raised the price target from $33 to $42. Alkermes shares closed at $29.42 on Monday. <a href="https://www.benzinga.com/quote/ALKS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying COO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/COO/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="573" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17091642/image-263-1024x573.png" alt="" class="wp-image-952273" style="width:718px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17091642/image-263-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17091642/image-263-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17091642/image-263-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17091642/image-263.png 1112w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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</ul>
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Upgrades

This Cooper Companies Analyst Turns Bullish; Here Are Top 3 Upgrades For Tuesday

Loop Capital analyst Alan Gould upgrades Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) from Hold to Buy and raises the price target from $80 to $100.

Loop Capital Upgrades Roku to Buy, Raises Price Target to $100

Needham analyst Laura Martin reiterates Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Buy and maintains $88.5 price target.

Needham Reiterates Buy on Roku, Maintains $88.5 Price Target

JP Morgan analyst Cory A Carpenter <a href="https://www.benzinga.com/quote/ROKU/analyst-ratings" target="_blank" rel="noreferrer noopener">maintained an Overweight</a> rating on Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) on Monday following the announcement of a strategic partnership with Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The collaboration allows advertisers to purchase Roku&#8217;s advertising inventory through Amazon&#8217;s Demand-Side Platform (DSP).
Following a call with Roku&#8217;s management, JP Morgan has released a note outlining key takeaways from this strategic alliance.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/06/45949030/roku-stock-surges-on-new-integration-with-amazon-details-of-the-deal" rel="noreferrer noopener">Roku Stock Surges On New Integration With Amazon: Details Of The Deal</a>
Carpenter said the Amazon ads partnership is more deeply integrated than Roku&#8217;s partnership with The Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>). The analyst noted that Amazon is a platform-level integration, whereas The Trade Desk is a Roku-level integration.
Roku ad inventory available on Amazon and The Trade Desk is similar, but the Amazon partnership provides advertisers with more comprehensive platform-level data and, thus, better targeting capabilities, the analyst mentioned.
Carpenter noted that through Amazon, advertisers will have visibility into every channel on the Roku platform by matching data sets from Roku with Comcast and Disney (through a clean room), whereas The Trade Desk only provides this level of visibility into The Roku Channel.
Amazon ads exclusivity is tied to the platform level integration, the analyst noted. He said the Amazon partnership does not prevent Roku from announcing additional DSP partnerships at the Roku level (i.e., a Google partnership similar to The Trade Desk).
Carpenter noted that the platform-level exclusivity has a timing aspect, although the length of the exclusivity window is unclear.
The analyst noted that Roku expects some revenue in the fourth quarter, but the Amazon partnership was not included in the 2025 outlook. 
The partnership will go live in the fourth quarter of 2025, but he said that similar to The Trade Desk, it will be a gradual ramp and not a step-function increase.
The Amazon partnership was one of many initiatives that gave management confidence in providing a full-year outlook. Still, Carpenter noted that explicit revenue contribution was not included in the outlook.
Price Action: ROKU stock is trading higher by 8.04% to $80.39 at last check Monday.
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Movers

AMZN

Roku's Amazon Deal Revenue To Be A 'Gradual Ramp,' Not a Sudden Boost, Analyst Says

U.S. stocks were higher, with the Dow Jones index gaining around 500 points on Monday.
Shares of Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) rose sharply during Monday's session after Supernus Pharmaceuticals <a href="https://www.benzinga.com/quote/SAGE">agreed to acquire the company</a>.
Supernus Pharmaceuticals on Monday agreed to acquire Sage Therapeutics for $12.00 per share in cash, or an aggregate of up to approximately $795 million.
The deal consideration includes $8.50 per share in cash (or an aggregate of approximately $561 million) plus one non-tradable contingent value right (CVR) collectively worth up to $3.50 per share in cash (or an aggregate of approximately $234 million).
Sage Therapeutics shares climbed 35.6% to $9.09 on Monday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) shares jumped 48.2% to $24.96 after President Trump reportedly urged Ergen and Carr to cut a deal on the company&#8217;s spectrum.</li>
<li>AIRO Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRO#NASDAQ">AIRO</a>) jumped 42% to $31.11 after jumping 140% on Friday. AIRO Group priced its $60 million initial public offering of 6 million common shares at $10 per share.</li>
<li>Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) gained 22.1% to $163.13.</li>
<li>Arqit Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) rose 21% to $28.77.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) gained 17.4% to $35.83. NANO Nuclear Energy announced that Matthew Barry has joined the Company as its Director of Investor Relations.</li>
<li>TSS, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSSI#NASDAQ">TSSI</a>) rose 17.4% to $21.63.</li>
<li>TMC the metals company Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMC#NASDAQ">TMC</a>) rose 17.1% to $5.08 after Korea Zinc announced an equity investment of $85.2 million in the company.</li>
<li>UroGen Pharma Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URGN#NASDAQ">URGN</a>) climbed 17% to $14.05.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) surged 15.6% to $19.17.</li>
<li>NextNav Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) gained 15.6% to $14.88.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) rose 10.3% to $82.06 after the company announced a new integration with Amazon Ads.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) gained 10.2% to $61.17.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) rose 10% to $42.21.</li>
<li>Uranium Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UEC#NYSE">UEC</a>) gained 9.8% to $6.87.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) rose 9.5% to $5.74.</li>
<li>Darling Ingredients Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) gained 9.1% to $39.28. Darling Ingredients announced offering of €750 Million of senior notes by Darling Global Finance B.V. and proposed entry into a new amended and restated credit agreement.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) rose 9% to $33.42.</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) surged 8.5% to $126.01.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) gained 7.9% to $72.67.</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) climbed 6% to $71.15. Marvell Technology announced a quarterly dividend of 6 cents per share of common stock.</li>
</ul>
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Intraday Update

AIRO

ARQQ

ASTS

CRCL

Hims & Hers Health, Inc. Class A Common Stock

HIMS

MRVL

QUBT

SAGE

SATS

TSSI

URGN

Sage Therapeutics, Roku, EchoStar And Other Big Stocks Moving Higher On Monday

Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares are rising Monday after the company announced a new <a href="https://www.benzinga.com/pressreleases/25/06/b45942277/amazon-ads-and-roku-announce-partnership-creating-the-largest-authenticated-ctv-footprint">strategic integration with Amazon Ads</a>. 
What To Know: Roku entered into a new exclusive partnership with Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Ads, providing access for advertisers to the largest authenticated Connected TV (CTV) footprint in the U.S. exclusively through Amazon&#8217;s demand-side platform (DSP).
The deal will deliver logged-in reach to an estimated 80 million CTV households in the U.S., opening up improved performance, planning and optimization for advertisers. The companies said early tests showed the integration allows advertisers to reach up to 40% more unique viewers with the same budget, and decreases how often the same person sees the same ads by close to 30%.
&#8220;This collaboration delivers a unified, future-ready solution at an unprecedented scale, one designed to drive measurable outcomes by unlocking performance across CTV,&#8221; said Charlie Collier, president of Roku Media. 
&#8220;With nearly half of all TV streaming time in the U.S. happening on Roku, and the power and depth of Amazon in retail and beyond, together we&#8217;re uniquely positioned to prove performance and differentiate DSP offerings for our shared advertisers and marketers.&#8221;
The integration allows Amazon DSP to recognize logged-in viewers across the Roku&#8217;s operating system and devices in the U.S., resulting in more precise reach, measurable results and greater control over ad frequency.
&#8220;We&#8217;re removing the guesswork to provide advertisers with unprecedented capabilities and delivering performance in ways that simply weren&#8217;t possible before,&#8221; said Paul Kotas, senior vice president of Amazon Ads. 
ROKU Price Action: <a href="http://benzinga.com/quote/ROKU">Roku shares</a> got a significant boost from the deal, last up 9.91% at $81.78 Monday morning, according to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Roku Stock Surges On New Integration With Amazon: Details Of The Deal

WIIM

Roku shares are trading higher after the company announced a new integration with Amazon Ads.

New exclusive partnership cements Amazon as Roku's most addressable DSP for CTV activation

Amazon Ads And Roku Partner To Deliver Largest Authenticated CTV Footprint In U.S., Unlocking Reach Across 80M Households Via Amazon DSP

Roku shares are trading lower. The stock may be pulling back after rising in recent sessions.

JP Morgan analyst Cory Carpenter named Take-Two Interactive Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) and Xometry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XMTR#NASDAQ">XMTR</a>) as top picks within the internet small and mid-cap (SMID) and <a target="_blank" href="https://www.benzinga.com/topic/video-games" rel="noreferrer noopener">video games</a> sectors.
As part of a wider reassessment of the internet SMID and video games sectors, this modification by JP Morgan encapsulates their latest industry analysis and projections.
The key conclusion of this assessment is that small-cap internet stocks continue to underperform significantly, marking the fifth consecutive year of this trend.
Also Read: <a href="https://www.benzinga.com//node/45473094">Take-Two Q4 Beats On NBA 2K, Mobile; Analysts Flag Cautious Guidance On GTA 6 Delay</a>
Despite this, the sector shows some resilience with the median covered company projected to grow revenue by 9% and maintain a 20% EBITDA margin in 2025, with all companies now adjusted EBITDA profitable, the analyst observed in the report.
A notable finding is the potential positive impact of the App Store ruling on companies like Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) and Bumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>), which may result in some fee relief.
While overall estimates for 2025 have seen slight downward revisions, the report highlights specific opportunities and dislocations, such as Take-Two Interactive as a top pick due to the anticipated GTA VI release, and identifies Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) and Xometry as companies with stock dislocations worth watching.
Carpenter maintained an Overweight rating on Take-Two Interactive with a price forecast of $250 due to the highly anticipated GTA VI (May 2026), its status as the most anticipated video game release in history, and strong performance from NBA 2K and Zynga. While GTA VI delays pose a risk, the firm projects significant growth with $8.75 billion in bookings and $9 adjusted EPS in FY27, driven by GTA VI unit sales.
The analyst has rated Xometry Overweight with a $38 price forecast, calling it a top small-cap pick. The custom manufacturing marketplace is seen as a clear leader in a growing online market, with accelerating revenue. Despite risks like manufacturing contraction, Xometry is projected for $595 million in marketplace revenue and $13 million adjusted EBITDA in 2025. Tariffs, supply chain uncertainty, and onshoring should accelerate share gains, as per the analyst. He increased the price forecast from $36 to $38.
Carpenter also increased the price forecast for Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) (from $80 to $100), citing beat and raise first-quarter and strong second-quarter intra-quarter trends.
The analyst raised the price forecast on Roku, Inc. from $75 to $85, citing China tariff relief and platform revenue upside potential.
He boosted the price forecast on Applovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) from $355 to $400, citing a first-quarter beat, app store ruling, and self-serve catalyst.
Carpenter downgraded Bumble from Neutral to Underweight, maintaining a $5 price forecast, despite the stock&#8217;s recent 50%+ surge since Liberation Day.
The upgrade in profit, driven by cost cuts, offset weaker revenue. However, Carpenter anticipates accelerated declines in revenue and payers, citing worsening U.S. download trends.
He expects margins to moderate as brand marketing resumes (i.e., another big upgrade seems unlikely) and notes continued challenges in the online dating sector, especially with Gen Z engagement. Tinder&#8217;s turnaround is further along, yet Match Group shares are near all-time lows, reflecting industry-wide struggles.
Read Next:
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<li><a href="https://www.benzinga.com//node/45317179">Bumble Slashes $20 Million In Q2 Marketing Spend As Founder-CEO Whitney Wolfe Herd Returns With Quality First Strategy</a></li>
</ul>
Image via Shutterstock

Downgrades

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TTWO

XMTR

Which Internet Software Stocks Is JP Morgan Bullish On?

JP Morgan analyst Cory Carpenter maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Overweight and raises the price target from $75 to $85.

JP Morgan Maintains Overweight on Roku, Raises Price Target to $85

Financial giants have made a conspicuous bearish move on Roku. Our analysis of options history for Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $217,950, and 5 were calls, valued at $201,240.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $100.0 for Roku, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Roku options trades today is 802.62 with a total volume of 491.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Roku's big money trades within a strike price range of $60.0 to $100.0 over the last 30 days.
<h3>Roku 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748890891_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ROKU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$5.6</td>
<td>$5.45</td>
<td>$5.6</td>
<td>$75.00</td>
<td>$112.0K</td>
<td>272</td>
<td align="right">3</td>
</tr>
<tr>
<td>ROKU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$18.5</td>
<td>$18.25</td>
<td>$18.45</td>
<td>$85.00</td>
<td>$55.3K</td>
<td>644</td>
<td align="right">36</td>
</tr>
<tr>
<td>ROKU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$14.05</td>
<td>$13.95</td>
<td>$14.05</td>
<td>$75.00</td>
<td>$50.5K</td>
<td>121</td>
<td align="right">37</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$2.77</td>
<td>$2.71</td>
<td>$2.71</td>
<td>$75.00</td>
<td>$48.7K</td>
<td>2.6K</td>
<td align="right">205</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$5.1</td>
<td>$4.75</td>
<td>$4.95</td>
<td>$100.00</td>
<td>$44.5K</td>
<td>1.7K</td>
<td align="right">90</td>
</tr>
</tbody>
</table>

<h3>About Roku</h3>
Roku enables consumers to stream television programming. It has more than 90 million streaming households and provided 127 billion streaming hours in 2024. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.
In light of the recent options history for Roku, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Roku Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,433,147, the ROKU's price is up by 1.8%, now at $73.77. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 59 days.</li>
</ul>
<h3>Professional Analyst Ratings for Roku</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $85.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $88. 
&#x2A; In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $88. 
&#x2A; An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $95. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Roku, targeting a price of $68. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Roku options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Spotlight on Roku: Analyzing the Surge in Options Activity

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/23/25</td>
<td>$172.50</td>
<td>$49.7K</td>
<td>33.9K</td>
<td>71.1K</td>
</tr>
<tr>
<td>GOOG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$170.00</td>
<td>$32.2K</td>
<td>358</td>
<td>4.8K</td>
</tr>
<tr>
<td>SE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$175.00</td>
<td>$55.0K</td>
<td>255</td>
<td>536</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$80.00</td>
<td>$49.6K</td>
<td>1.6K</td>
<td>362</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/23/25</td>
<td>$80.00</td>
<td>$91.1K</td>
<td>800</td>
<td>244</td>
</tr>
<tr>
<td>META</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$540.00</td>
<td>$237.9K</td>
<td>400</td>
<td>89</td>
</tr>
<tr>
<td>ROKU</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$85.00</td>
<td>$26.0K</td>
<td>145</td>
<td>10</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1020.00</td>
<td>$26.8K</td>
<td>209</td>
<td>4</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on May 23, 2025. This event was a transfer of 500 contract(s) at a $172.50 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $49.7K, with a price of $99.0 per contract. There were 33984 open contracts at this strike prior to today, and today 71173 contract(s) were bought and sold. 
• For GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we notice a put option trade that happens to be bullish, expiring in 9 day(s) on May 30, 2025. This event was a transfer of 148 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $32.2K, with a price of $218.0 per contract. There were 358 open contracts at this strike prior to today, and today 4863 contract(s) were bought and sold. 
• Regarding SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>), we observe a call option sweep with bearish sentiment. It expires in 86 day(s) on August 15, 2025. Parties traded 54 contract(s) at a $175.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $1015.0 per contract. There were 255 open contracts at this strike prior to today, and today 536 contract(s) were bought and sold. 
• For BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we notice a put option trade that happens to be neutral, expiring in 86 day(s) on August 15, 2025. This event was a transfer of 160 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $49.6K, with a price of $310.0 per contract. There were 1648 open contracts at this strike prior to today, and today 362 contract(s) were bought and sold. 
• For TTD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), we notice a put option trade that happens to be bearish, expiring in 2 day(s) on May 23, 2025. This event was a transfer of 200 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $91.1K, with a price of $456.0 per contract. There were 800 open contracts at this strike prior to today, and today 244 contract(s) were bought and sold. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a put option trade that happens to be bearish, expiring in 303 day(s) on March 20, 2026. This event was a transfer of 66 contract(s) at a $540.00 strike. The total cost received by the writing party (or parties) was $237.9K, with a price of $3605.0 per contract. There were 400 open contracts at this strike prior to today, and today 89 contract(s) were bought and sold. 
• For ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we notice a put option trade that happens to be neutral, expiring in 604 day(s) on January 15, 2027. This event was a transfer of 10 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $2607.0 per contract. There were 145 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• Regarding NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we observe a call option trade with bullish sentiment. It expires in 240 day(s) on January 16, 2026. Parties traded 1 contract(s) at a $1020.00 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $26885.0 per contract. There were 209 open contracts at this strike prior to today, and today 4 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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8 Communication Services Stocks Whale Activity In Today's Session

Roku Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) CFO Dan Jedda has been responsible for the company's strong free cash flow (FCF) growth, according to Needham.
The Roku Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/580607ae846faa000106ab43/laura-martin">Analyst Laura Martin</a> maintained a Buy rating and price target of $88.50.
The Roku Thesis: Jedda has taken the company from negative FCF of 150 million in 2022 to more than $200 million in 2024 and a guidance of over $350 million for 2025, Martin said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
She mentioned some key takeaways from a recent discussion with experts about the future of CTV and Streaming/OTT.
"While bundling was seen as a defensive strategy, e-commerce linked CTV ad units and new SMB demand were raised as under exploited revenue growth levers," the analyst wrote.
Advertisement dollars are shifting from linear TV to connected TV. However, there is downward pressure on streaming ad unit CPMs (cost per thousand impressions). This is due to excess supply and lack of differentiation in ad units, she added.
Experts see GenAI as "both a cost saver and a new powerful personalized creative enabler, though it is still in its early stages of adoption," Martin further stated.
Price Action: Shares of Roku had declined by 1.71% to $70.65 at the time of publication on Thursday.
Read More: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45262278/under-armour-faces-tough-road-ahead-says-analyst">Analysts Split On Roku, But One Names It &#8216;Top Pick For 2025&#8217;</a></li>
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Image: Shutterstock

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