Evercore Boosts Roku (ROKU) Price Target Following Strong Streaming Platform Results

Roku, Inc. (NASDAQ:ROKU) ranks among billionaire Stanley Druckenmiller’s 10 best stock picks. On February 13, Evercore ISI boosted Roku, Inc. (NASDAQ:ROKU)’s price target to $150 from $145 while keeping an Outperform rating following the company’s fourth-quarter results announcement. The streaming company posted what Evercore deemed a “clean beat and raise” quarter, with quarterly revenue and EBITDA surpassing street estimates by 3% and 17%, respectively.

Even with a 10-percentage-point harsher comparison, platform sales growth surged to 18% year-over-year in Q4 versus 17% in the previous quarter, and this is anticipated to further improve to above 21% in Q1 2026.

Evercore cited several possible drivers for Roku, Inc. (NASDAQ:ROKU), including Amazon DSP adoption, a Home Screen revamp, and U.S. political advertising, all of which are likely to add to growth through 2026, with Roku Ad Manager viewed as a potential long-term growth driver.

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 on the best short-term AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.