BUZZ-Roku rises after Jefferies upgrades rating to 'buy', hikes PT

Reuters12-11

BUZZ-<a href="https://laohu8.com/S/ROKU">Roku</a> rises after Jefferies upgrades rating to 'buy', hikes PT

** Shares of streaming platform Roku ROKU.O up 3.5% at $109.01 premarket

** Jefferies upgrades rating to "buy" from "hold;" raises PT to $135 from $100

** Brokerage believes platform revenue growth could be more than 20% YoY vs analysts' estimates of 15%

** Says demand-side platform ramps, political tailwinds, subscription momentum, and home screen revamp could help revenue growth

** "ROKU screens as one of the cleanest topline revision stories in internet, with both near-term and long-term revenue upside" - Jefferies

** As of last close, stock up about 42% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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