1 Number That Makes Me Excited About Roku Stock
There was one number that stuck out to me in 's (NASDAQ: ROKU) second-quarter earnings report. It's a great indication of the current strength of streaming and the Roku platform.
Roku saw its users stream 25.1 billion hours of content on its platform in the second quarter. That number's flat from the first quarter. And while most investors don't get excited about flat metrics, it's the first time Roku hasn't seen engagement decline since 2020. (And we all remember what happened in the second quarter of 2020.)
Roku's strong user engagement bodes well for its goal of returning to profitability in 2024.
Source Fool.com
Roku Stock
€55.89
3.280%
Our community is currently high on Roku with 26 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 66.4% compared to the current price of 55.89 € for Roku.
