Could Roku Be a Millionaire-Maker Stock?
(NASDAQ: ROKU) minted a lot of millionaires in its first four years as a public company. The streaming device and software maker went public at $14 on Sept. 28, 2017, and it soared 3,325% to its all-time high of $479.50 on July 26, 2021. A $30,000 investment in its IPO would have blossomed to $1.03 million.
But today, Roku only trades at about $64. That same investment would have withered to roughly $137,000 as the company disappointed its investors with its slowing growth, shrinking moat, and persistent losses. Rising interest rates also squeezed its valuations.
Image source: Getty Images.
Source Fool.com
Roku Stock
€136.34
1.680%
The stock is one of the favorites of our community with 48 Buy predictions and 1 Sell predictions.
However, we have a potential of -0.25% for Roku as the target price of 136 € is below the current price of 136.34 €.
