3 Things About Roku Stock That Smart Investors Know
(NASDAQ: ROKU) is on many growth stock investors' radars following its 100% surge in 2023 through early September. That rally has trounced the 18% gains of the S 500 and roughly doubled the returns that streaming giant Netflix (NASDAQ: NFLX) has seen year to date.
Blindly chasing high returns is not a sound investing strategy, however. Shareholders are better off examining what makes a business stand out from other investment prospects. With that goal in mind, let's look at a few unique factors that will drive returns for Roku stock going forward.
The main catalyst for Roku's rally in 2023 has been a surprising rebound in its core advertising business. After rising just 1% in fiscal Q1, sales trends accelerated to an 11% increase in Q2. Roku is projecting another improvement in the current quarter as revenue growth speeds up to greater than 20%.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 27 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 74.98% compared to the current price of 53.15 € for Roku.
