3 Reasons to Buy Roku Stock Like There's No Tomorrow
From its initial public offering in September 2017 to its all-time high in July 2021, (NASDAQ: ROKU) stock has skyrocketed nearly 2,000%. As was the case with many tech businesses, the pandemic also lifted this company to new heights.
But given more subdued investor interest, coupled with a growth slowdown, this streaming stock is currently 87% below its all-time high. It now trades at a historically cheap price-to-sales ratio of 2.6.
Besides that compelling valuation, here are three reasons to consider buying Roku like there's no tomorrow.
Source Fool.com
Roku Stock
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 69.34% compared to the current price of 54.92 € for Roku.