Key Takeaways for Roku Stock as of July 2026
- TIKR’s mid case model targets $346 for Roku stock, a 140% total return through December 2030.
- Nine analysts rate Roku a buy, one calls it an outperform, fifteen rate it a hold, and one recommends underperform, leaving a mean target of $158, about 10% above the current price.
- On June 15, FOX Corporation agreed to buy Roku for $160 a share in cash and stock, a price far below TIKR’s $346 target.
- Roku stock sits flat, having clawed back a 28% drawdown from February 12.
Roku’s board says $160 is the right price for shareholders. See the financials behind that call on TIKR for free →
FOX Corp Agrees to Buy Roku Stock for $160 a Share in Cash-and-Stock Deal
FOX Corporation agreed on June 15 to acquire Roku (ROKU) for $160 a share, a cash-and-stock deal that stands as the single most significant repricing event Roku stock has faced since its 2017 IPO. The agreement pays $96 in cash and 0.9693 shares of FOX Class A stock for every Roku share, a structure that gave FOX shareholders about 73% of the combined company and Roku shareholders the remaining 27%. The cash piece totals $15 billion, funded by roughly $8 billion of new debt plus the rest of the combined balance sheet, with the deal expected to close in the first half of calendar 2027.
Anthony Wood, Roku’s founder and CEO, was asked directly on the FOX Corporation to acquire Roku Conference Call why the board chose to sell now instead of letting the business keep compounding on its own. His answer leaned on confidence, not concession: “I have never been more positive about our business than I am now… I do think that combining the assets of FOX with what Roku has really improves our position to continue to execute on our strategy over the long term. And it’s a great price.” The board ran a full strategic review with independent financial and legal advisers before unanimously backing FOX’s bid.
That confidence is grounded in numbers. Roku guided to $675 million of EBITDA in 2026, up 60% from $421 million in 2025, with margins expanding 330 basis points, the kind of operating leverage that makes a fixed buyout price look conservative. FOX’s own math backs a $400 million run-rate cost synergy target and expects the deal to be free cash flow per share accretive within two years, but none of that synergy value flows to Roku shareholders locked into a fixed $160 exchange ratio.
The FOX deal is the single event now setting a ceiling on Roku stock, and every other figure in this article has to be read against a pending acquisition rather than a standalone growth story.
See how Roku’s advertising and subscription growth stacks up against FOX’s synergy math on TIKR for free →
Roku Stock Sits Near Its Highs as Wall Street Splits on the Buyout Price
Roku posted a maximum drawdown of 28% on February 12, 2026, before clawing back to trade just 0.21% off its recent high as of July 20.
That round trip happened months before the FOX deal existed, evidence that the operating momentum from the April earnings call was already repricing the stock ahead of June’s buyout news.
Wall Street currently rates Roku stock with 9 buys, 1 outperform, 15 holds and 1 underperform, and zero analysts recommend selling. The mean target price sits at $158, just under FOX’s $160 offer and about 10% above the July 20 close of $144. That gap is classic merger arbitrage pricing.
The deal still needs to clear HSR antitrust review in the United States, and with the close not expected until the first half of 2027, roughly a year out, investors are discounting the $160 offer for both regulatory risk and the wait to get paid.
TIKR Values Roku Stock at $346, Well Above the FOX Buyout Price
TIKR’s mid case model values Roku stock at $346 by December 2030, a 140% total return from the current price of $144, or 22% annualized over 4.4 years.
That projected return sits well above what a typical mega cap media or platform stock offers over a comparable stretch, and it prices Roku on the earnings power of its advertising and subscription platform rather than on the fixed consideration written into the FOX agreement.
The gap between that $346 figure and FOX’s $160 offer defines the trade Roku shareholders are being asked to make. Management called this the strongest position Roku has ever been in on the deal call, and the model backs that up, pricing the platform’s accelerating margin growth well past what the acquisition captures for shareholders today.
Explore the model behind Roku’s $346 target and 140% projected return on TIKR for free →
Should You Invest in Roku, Inc.?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up Roku, Inc. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track Roku, Inc. alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
Access Professional Tools to Analyze ROKU stock on TIKR for Free →
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
