4 Green Flags For Roku's Future
Roku's (NASDAQ: ROKU) stock soared nearly 150% in 2020 as it sold more streaming devices and ads on its software platform during the pandemic. But this year its stock fell more than 20% as it faced three daunting headwinds.
First, Roku's growth decelerated as COVID-19 restrictions were relaxed and more businesses reopened. Second, supply chain challenges throttled its shipments of new players and crushed the hardware segment's gross margins. Lastly, rising inflation and higher interest rates caused more investors to rotate away from higher-growth tech stocks like Roku.
All these challenges prompted many analysts to downgrade the stock. But in that hasty rush, the bears might be overlooking four green flags that could finally breathe some life back into Roku's battered shares.
Source Fool.com
