Roku Shares Jump After Q4 Beat, Raises 2026 Sales Forecast and PT Hikes
Roku delivered better-than-expected Q4 results and raised its 2026 revenue forecast while unveiling plans to bundle premium streaming subscriptions. Rosenblatt upgraded shares to buy with a $118 target (from $106) and Wedbush lifted its target to $140 (from $130), driving a near 6% intraday rally.
1. Q4 Results and 2026 Outlook
Roku reported fourth-quarter revenues and earnings above consensus and issued an upbeat full-year revenue forecast, reflecting confidence in growth momentum. Management announced plans to launch bundled offerings of premium streaming subscriptions, aiming to deepen user engagement and diversify monetization streams.
2. Analyst Upgrades and Price-Target Increases
Rosenblatt Securities moved its rating to buy and raised its price target to $118 from $106, while Wedbush boosted its target to $140 from $130. Several other brokerages also lifted their targets, citing stronger ad-platform performance and improved subscriber monetization.
3. Stock Performance and Options Activity
Shares surged nearly 6%, marking the largest one-day gain since October and flipping the stock to positive year-to-date. Heavy trading in options saw 11,000 calls and 13,000 puts exchange hands, with the weekly 85-strike put most active, signaling a temporary bearish tilt despite the rally.