A Bull Market Is Coming: 3 Reasons to Buy Roku Stock
A market leader in a booming niche would seem to be a winning investment idea, but (NASDAQ: ROKU) shareholders might not see it that way. The stock may be up 40% so far in 2023 -- easily beating the market -- but it's also down a portfolio-crushing 88% since peaking two summers ago.
Starting lines matter, but whether you're a satisfied recent investor or a frustrated long-term shareholder, there are reasons to be upbeat about where Roku is headed from here. A bull market is coming. Let's check out a few reasons why now might be a good time to warm up to the streaming video pioneer.
Roku's latest quarter was a mixed bag. Total net revenue rose just 1% to $741 million, but that was better than the 5% decline that management was targeting back in February. Its loss was slightly worse than what analysts were expecting, but after seven quarters of sequential deterioration, Q1 was the first time in nearly two years that Roku posted quarter-over-quarter improvement on the bottom line.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 29 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 83.98% compared to the current price of 50.55 € for Roku.
