"We believe Connected TV will be one of the fastest growing ad mediums over the next five-plus years," Carpenter said. "We believe Roku's scale and engagement are key competitive advantages and position the company well to capture the shift of ad dollars to streaming." Home entertainment has surged during the coronavirus pandemic as consumers spend more time at home and film distributors release movies directly on streaming platforms. Earlier this month, Rosenblatt Securities analyst Mark Zgutowicz raised his price target on Roku to a Wall-Street-high of $420 from $260 by a Rosenblatt Securities analyst.