Is Roku Stock a Buy Now?
After tremendous growth during the pandemic, when consumers were stuck at home and turned to streaming entertainment, (NASDAQ: ROKU) has been facing a major slowdown. And shareholders have felt the pain, as the stock cratered 82% in 2022.
But the new year has brought renewed optimism for growth tech stocks. Shares have climbed 106% in 2023, as of Sept. 7, riding the gains of the Nasdaq Composite Index. Does this mean now is still a good time to buy Roku stock?
Here are three reasons this might be a smart idea for your portfolio.
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 €.
