Is It Too Late to Buy Roku Stock?
Media-streaming technology expert (NASDAQ: ROKU) made a robust comeback in 2023. The stock more than doubled, with a 128% gain in 52 weeks. Yet, that big jump barely made a dent in the damage Roku's shares took in 2021 and 2022. All told, share prices remain more than 80% below the all-time highs from the summer of 2021.
So I keep buying more Roku stock in this deep market trough. Roku is one of the clearest long-term growth stories in the market today, similar in many ways to former corporate parent Netflix (NASDAQ: NFLX) in 2011.
I can't promise that Roku's stock will return more than 4,100% over the next 12 years, as Netflix has done. Even a faded photocopy of a parody of the real thing would be enough to make serious money for Roku investors.
Source Fool.com
Roku Stock
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 €.
