5 Reasons Roku Is Moving Higher on Friday
We're in the home stretch for earnings season, and a strong report can send a stock higher. Shares of (NASDAQ: ROKU) initially moved sharply skyward after the company posted encouraging financial results on Thursday afternoon following the market's closing bell.
Roku was already turning heads before this week's blowout fourth-quarter performance. The shares had nearly doubled since bottoming out this past summer. The strong results are kicking things up a notch higher, so let's take a closer look at some of the reasons the Roku story is getting even better.
The top line is always a good place to start. Net revenue for the final three months of 2024 topped $1.2 billion, just ahead of both the $1.15 billion analysts were targeting and the $1.14 billion Roku was modeling back in October. The record revenue is a 22% increase, the strongest year-over-year percentage jump for Roku since early 2022. Platform revenue topped $1 billion for the first time.
Source Fool.com
Roku Stock
With 48 Buy predictions and 2 Sell predictions Roku is one of the favorites of our community.
On the other hand, the target price of 93 € is below the current price of 94.54 € for Roku, so the potential is actually -1.63%.
