Is Roku Stock Overvalued?
Shares of Roku (NASDAQ: ROKU) were slammed on Friday. At the close of trading, the stock was down about 19%. Roku's decline comes after Pivotal Research analyst Jeffrey Wlodarzak initiated coverage of the stock with a $60 12-month price target -- the lowest one on the Street for that company.
Shares have taken a huge beating this week, sliding 28% during the past three trading days. But even with that drop in the rear-view mirror, the stock is still up 250% year to date. Has Roku stock simply risen too high, too fast?
Let's take a look at some valuation metrics to see if the bears might be onto something.
Source Fool.com
