1 Spectacular Growth Stock Down 87% to Buy Right Now
Since the company reported financial results on Feb. 15, shares of (NASDAQ: ROKU) have tanked more than 30%. Investors weren't pleased with the possibility of more difficult days ahead. They clearly want the days of rapid growth to return.
The big picture is even scarier. As of this writing, this streaming stock is down 87% from its peak price. Some naysayers might view the current situation as a reason to totally avoid this business. However, I remain optimistic. Here's why Roku is still a spectacular growth stock to buy right now.
From its initial public offering in September 2017 to its all-time high in July 2021, Roku shares skyrocketed almost 2,000%. The business was posting stellar growth for a while, but it was buoyed more by the coronavirus pandemic, which forced people to stay at home and find entertainment value on the TV screen.
Source Fool.com
Roku Stock
Currently there is a rather positive sentiment for Roku with 26 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 69.34% for Roku compared to the current price of 54.92 €.
