Piper Sandler sees a strong pathway forward for Roku . The investment firm upgraded the streaming platform to overweight from neutral. It also lifted its price target to $135 per share from $88, which points to upside of 27.2% from Friday’s close. Roku, which are up 43% for the year, added 6% in the previous session after posting a third-quarter earnings beat. The company also raised its full-year revenue guidance. ROKU YTD mountain ROKU YTD chart Analyst Thomas Champion expects this momentum to continue, pointing to strong platform investments across advertising. “We now have more confidence in the Platform revenue glidepath into 2026 and take our revenue growth forecast to ~14.5% (from prior 12%), a starting point we think that could land in the high teens by year-end ’26,” he wrote. “We’re now confident enough to make a ratings change because we have conviction Platform revenue is a mid-to-high teens revenue grower in ’26.” Champion also applauded Roku’s positive GAAP operating income, which puts it “well ahead of promised profitability for 2026.” Another bonus he pointed to is Roku’s better capital return. The company began executing on its capital return program in the past quarter, Champion wrote, by repurchasing $50 million in stock of an initial $400 million plan. Roku shares gained nearly 3% following the upgrade. Most analysts covering Roku are bullish. LSEG data shows 21 of 33 rate the stock as a buy or strong buy.
