1 Growth Stock Down 86% to Buy Right Now
It's been a long way down for anyone who decided to buy (NASDAQ: ROKU) at its peak two years ago. The stock is down a blistering 86% since almost hitting $500 in the summer of 2021. Shares of the TV streaming pioneer are beating the market this year -- up 62% -- but already down 32% since notching a 52-week high in August.
There are winners and losers among the ranks of Roku shareholders. The starting lines are everywhere. However, from this point on it's easy to see Roku resuming its former role as a leading growth stock. Let's get into why Roku could be flipping that script at this point.
There are some bearish knocks on Roku, but let's start with the bullish argument. Roku remains North America's leading operating system to get TVs online. It commands double the market share of its nearest competitor. It's a leader through after-market dongles as well striking deals with smart-TV manufacturers for built-in access.
Source Fool.com
Roku Stock
Currently there is a rather positive sentiment for Roku with 27 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 77.11% for Roku compared to the current price of 52.51 €.
