Evercore ISI Group Downgrades Roku to Hold Rating
Evercore ISI Group has downgraded Roku, Inc. to a hold rating with a $160 price target.
Key Points
- Evercore ISI Group downgraded Roku, Inc. to a hold rating, setting a price target of $160.
- Roku shares are trading near $141.5 with a market cap of $20.9 billion and a P/E ratio of 104.37.
- CEO Anthony Wood recently bought and sold shares, while multiple analysts adjusted their ratings on the stock.
On June 16, 2026, Evercore ISI Group downgraded Roku, Inc. (NasdaqGS: ROKU) to a hold rating, setting a price target of $160. This move comes as Roku's shares trade around $141.5.
Other Institutional Activity in Roku
FMR LLC increased its holdings in Roku by 3,331,410 shares, ending with 17,011,060 shares valued at about $1.61 billion. BlackRock, Inc. added 483,241 shares, bringing its total to 7,426,295 shares worth approximately $702.7 million. ARK Investment Management LLC reduced its stake by 2,061,333 shares, holding 3,820,405 shares valued at $361.5 million.
Roku Stock Snapshot
Shares of NasdaqGS:ROKU are trading near $141.5. Roku, Inc. boasts a market cap of $20.9 billion and a P/E ratio of 104.37. The stock's 52-week range is $77.64 to $148.88, with a 50-day moving average of $120.13 and a 200-day moving average of $104.42. Roku's beta is 2.027, indicating higher volatility compared to the market.
Recent Earnings
Roku reported revenue of $4.97 billion, with a growth rate of 22.4%. The company achieved a net margin of 4.06% and a return on equity of 7.75%. The next earnings report is scheduled for July 30, 2026.
Insider Buying and Selling at Roku, Inc.
CEO Anthony Wood was active on June 12, 2026, buying 25,000 shares and selling 25,000 shares at an average price of $130 under a planned transaction. Mustafa Ozgen, President of Devices, Products, and Technology, sold 10,194 shares at $144 on the same day under a planned sale. Jeff Hastings, another insider, bought shares on June 11, 2026.
Analysts Set New Price Targets
On June 16, 2026, Evercore ISI Group downgraded Roku to a hold rating with a $160 price target. JP Morgan also downgraded to hold, matching the $160 target. Meanwhile, Rosenblatt maintained a buy rating with the same target. The consensus recommendation is strong buy, with an average target price of $148.07 based on 27 analyst opinions.
About Roku, Inc.
Roku, Inc., headquartered in San Jose, California, operates a TV streaming platform and sells related devices. Founded in 2002, Roku offers digital advertising services and sells Roku-branded TVs, audio products, and smart home products. The company is led by CEO Anthony J. Wood and employs approximately 3,600 people.
Bottom Line
Evercore ISI Group's downgrade of Roku to a hold rating reflects a cautious stance amid a volatile market. Investors often track such analyst moves for insights into market sentiment. Remember, these ratings are based on past data and may not reflect current conditions.
See Also
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