Can Roku Sustain This 100% Pop?
Shares of Roku (NASDAQ: ROKU) soared over 100% after the recently public company reported better-than-expected earnings. That's catapulted the company up to a lofty valuation of eight times price to sales.
In this episode of Industry Focus: Tech, analyst Dylan Lewis and contributor Evan Niu, CFA, discuss the company's earnings report, and explain what's behind this outsize market reaction. Listen in to hear why Roku is switching over to a platform-based business model, and how they're executing on that change so far; just how much short interest is affecting the share price right now; what huge obstacles to growth Roku still has to figure out; and more.
A full transcript follows the video.
Source: Fool.com
Roku Stock
€53.15
-0.610%
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.
