Piper Sandler Downgrades Roku to Hold with $160 Target
Piper Sandler lowered its rating on Roku, Inc. to hold, setting a $160 price target.
Key Points
- Piper Sandler downgraded Roku, Inc. to a hold rating with a $160 price target on June 16, 2026.
- Roku's stock traded at $141.5, with a market cap of $20.9 billion and a P/E ratio of 104.37.
- Insiders like CEO Anthony Wood were active with both buying and selling transactions in June 2026.
Piper Sandler has downgraded Roku, Inc. (NasdaqGS: ROKU) to a hold rating, setting a price target of $160. Analyst Thomas Champion made the announcement on June 16, 2026, as the stock traded at $141.5.
Other Institutional Activity in Roku
FMR LLC increased its stake in Roku by 3,331,410 shares, ending with 17,011,060 shares worth approximately $1.61 billion. BlackRock, Inc. also added 483,241 shares, bringing its total to 7,426,295 shares valued at $702.68 million. Meanwhile, ARK Investment Management LLC reduced its holdings by 2,061,333 shares, now holding 3,820,405 shares valued at $361.49 million.
Roku, Inc. Stock Snapshot
Shares of Roku, Inc. (NasdaqGS: ROKU) were trading around $141.5. The company boasts a market cap of about $20.9 billion and has a P/E ratio of 104.37, with a forward P/E of 39.22. The stock's beta is 2.027, indicating higher volatility compared to the market. Over the past 52 weeks, the stock has ranged from $77.64 to $148.88, with a 50-day moving average of $120.13 and a 200-day moving average of $104.42.
Recent Earnings
In its latest earnings report, Roku, Inc. posted revenues of approximately $4.97 billion, showing a growth rate of 22.4%. The company achieved a net margin of 4.06% and a return on equity of 7.76%. The next earnings report is scheduled for July 30, 2026.
Insider Buying and Selling at Roku, Inc.
Roku's insiders were active recently. CEO Anthony Wood bought 25,000 shares on June 12, 2026, while also selling 25,000 shares at an average price of $130 under a planned sale. Mustafa Ozgen, President of Devices, sold 10,194 shares at $144 on the same day.
Analysts Set New Price Targets
On June 16, 2026, Piper Sandler downgraded Roku to a hold rating with a $160 price target. Other firms like Evercore ISI Group and JP Morgan also downgraded the stock to hold with the same target. Meanwhile, Rosenblatt maintained a buy rating with a $160 target. Overall, the analyst consensus is a strong buy with a mean target price of $148.07 across 27 opinions.
About Roku, Inc.
Roku, Inc. operates a TV streaming platform that allows users to access a wide range of content, including TV shows, movies, and news. The company, headquartered in San Jose, California, also offers digital advertising services and sells streaming players and Roku-branded TVs. Founded in 2002, Roku is led by CEO Anthony J. Wood and employs around 3,600 people.
Bottom Line
Piper Sandler's downgrade reflects a more cautious stance on Roku, Inc., aligning with other analysts who have recently adjusted their ratings. Despite this, Roku remains a significant player in the streaming market, with a strong financial performance and a solid market position. Investors should note that these ratings are backward-looking and may not reflect the current market dynamics.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.