Deutsche Bank analyst Jeffrey Rand raised the firm’s price target on Roku to $400 from $260 and keeps a Buy rating on the shares. The analyst has become more positive on the short- and near-term outlook for Roku’s Platform business. Streaming momentum continues and advertising spend for connected TV appears to be holding up during the pandemic, Rand tells investors in a research note. The analyst now believes that Roku is likely to outperform its Q4 outlook. Further, he sees signs that the momentum towards streaming is continuing, on both the consumer and advertising sides.