shares of Roku Inc ROKU Thursday eased in premarket trading after continuing higher in the previous trading session better than expected quarterly figures.

Here are some key analyst takeaways from the conference call.

Oppenheimer on Roku

Analyst Jason Helfstein reaffirmed an outperform rating and lowered the price target to $75 from $85.

Roku platform revenue appears to have stabilized, and there is “coming tailwind from advertisers, agencies, retail media, and DSP integrations,” Helfstein said in a note. “Moderate cost growth into ’23E translates to EBITDA with profitability in ’24,” he added.

The company’s active accounts grew 17% year over year in the first quarter, according to the analyst. “With headwinds from slowing ad spend by SVOD providers and a higher presence in the scatter market, ROKU should be one of the first beneficiaries of any recovery in the ad market,” he continued.

Raymond James on Roku

Analyst Aaron Kessler reiterated a market-perform rating on the stock.

“Roku posted first-quarter revenue and EBITDA (an increase in revenue primarily from devices) although total platform revenue (advertising) remained weak (-1% year-on-year vs. +5% last quarter),” Kessler wrote.

“Roku has forecast Q2 revenue broadly in line with Strait with expectations for ad revenue to remain weak throughout 2023,” he added.

Cash other stock reviews by analysts.

Needham on Roku

Analyst Laura Martin maintained a buy rating and price target of $80.

Roku’s quarterly results were “disappointing” due to “the weak scatter market and ad demand, coupled with rapid year-over-year expense growth,” Martin said.

“Since Roku has promised to bring its costs under control by 4Q23 and we expect ad demand to recover within 12 months, we believe Roku’s valuation issues are short-term and not structural,” she added.

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William Blair on Roku

Analyst Ralph Schackart reiterated an outperform rating for…

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