Roku hits over three-year high after FY platform revenue forecast hike

Shares of streaming platform Roku ROKU.O jump 13.7% at $113.77, reversing premarket declines

*Stock hits its highest level since April 2022, set for biggest one-day jump since early April

Co raises forecast for FY platform revenue to $4.11 bln, from previous $4.08 bln; shows 17% jump YoY in Q3

Q3 revenue of $1.21 bln broadly in line with analysts' estimates - data compiled by LSEG

Platform revenue growth driven by video advertising and streaming services, even as co faces stiff competition in ad-supported streaming from Amazon AMZN.O, Google GOOGL.O and Apple AAPL.O

** J.P.Morgan lifts PT to $115 from $105; says Q4 outlook supports its 2026 bull case, helped by ad partnership with Amazon, new homescreen and World Cup tailwinds

At least five brokerages besides JPM raise their PTs on stock, including Morgan Stanley, Wells Fargo and Susquehanna

20 out of 33 analysts rate the stock "buy" or higher, 12 "hold" and one "sell"; median PT at $110 - data compiled by LSEG

Stock up over 54% YTD, including session's moves