Roku upgraded to Hold from Sell at Pivotal Research

Pivotal Research analyst Jeffrey Wlodarczak upgraded Roku to Hold from Sell with an unchanged price target of $80. The shares have recently reached the “reasonable and Street-Low” $80 year-end 2022 target price and no longer offer an attractive short opportunity as a result, Wlodarczak tells investors in a research note. However, the analyst continues to believe the “backdrop for results is tough.”