Can This Beaten-Down Growth Stock Outperform the "Magnificent Seven" Over the Next 5 Years?
Roku (NASDAQ: ROKU) was a darling of the pandemic. Locked-down consumers turned to the platform amid restrictions on outside activities, and consequently, investors bid the stock to a high of more than $490 per share in the summer of 2021.
However, investors sold Roku as lockdowns ended, and ongoing losses left the company's stock unable to gain traction. As a result, it sells at a discount of more than 85% from that high.
Nonetheless, Roku remains the leading television operating system in key markets, and it continues to grow its user base at a rapid clip. The question for investors is whether that will help it outperform the "Magnificent Seven" over the next five years.
Source Fool.com
Roku Stock
€54.92
-1.560%
Currently there is a rather positive sentiment for Roku with 26 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 69.34% for Roku compared to the current price of 54.92 €.
