3 Reasons Why Roku Stock Is Rocking
It's fair to say that Roku's (NASDAQ: ROKU) first quarterly report as a public company was a hit. The shares shot higher after the set-top streaming-video player pioneer posted financial results after Wednesday's market close.
Roku's been a hot debutante since going public at $14 just six weeks ago. Like many highly anticipated IPOs Roku had cooled off after storming out of the gate, more than doubling by its second day of trading before shedding more than a third of its peak value. However, Roku's blowout third quarter shows why the market's initial euphoric instinct was the right approach. Let's go over why the market's going gaga for Roku.
Image source: Roku.
Source: Fool.com
Roku Stock
€125.76
0.030%
The stock is one of the favorites of our community with 45 Buy predictions and 1 Sell predictions.
At the moment Roku has reached the predicted target price of 127 €, with a current price of 125.76 €.
