Buying Roku Now Could Be a Genius Move
The hits keep coming to Roku (NASDAQ: ROKU). Last week it was a pair of analyst downgrades for the streaming video pioneer, more dirt on top of a stock that is now 84% below the all-time high it notched last summer.
The bullish counter to the malaise is that the platform continues to grow in popularity. Roku closed out its latest quarter with a record 63.1 million active accounts, and average revenue per user continues to inch higher sequentially the way it has in every report in its publicly traded tenure. Roku is getting bigger at every three-month check-in, but the stock keeps getting smaller. Is Roku a buy opportunity here, or is the market discounting a grim future for the company that started it all when it comes to video streaming through your TV? Let's take a closer look.
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Source Fool.com
