Can Roku Stock Stay Above $100 This Time?
October is off to a strong start for Roku (NASDAQ: ROKU) investors. Shares of the streaming video pioneer are trading north of $100 for the third consecutive day on Tuesday. It's a familiar but unfortunately fleeting experience.
Roku has proven mortal since the initial pandemic feeding frenzy sent the shares to an all-time high of $490 in early 2021. The shares would go on to pull back dramatically, but it hasn't dimmed the fight. This is the fourth year in a row that Roku revisits trading in the triple digits. It has failed to stay there at the end of the last three years.
It could be different this time. Momentum is on its side, but will the company stick the landing in 2025? Let's take a closer look at how Roku is doing, and why the latest dalliance above $100 can have staying power this time.
Source Fool.com
Roku Stock
The stock is one of the favorites of our community with 48 Buy predictions and 2 Sell predictions.
As a result the target price of 93 € shows a slightly positive potential of 1.57% compared to the current price of 91.56 € for Roku.
