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TheMotleyFool · Dec 6, 2024, 14:23 · 1 min read

Can This Beaten-Down Growth Stock Bounce Back?

R
Roku
ROKU
144.14 €
+1.06 %

Streaming platforms went through a rough patch a few years ago as a pandemic-related boom that led to soaring subscriptions came to an end. Some, like Netflix, have recovered since. Others, like Roku (NASDAQ: ROKU), are still struggling. The streaming specialist's shares are down by 70% over the past three years.

That's a massive drop, one that might prove to be a blessing in disguise for some investors. If Roku can stage a comeback and climb back to its all-time highs, those who buy its shares today will see outsize returns. Does Roku have what it takes?

ROKU Chart

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Source Fool.com

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