Is This Roku's Single Biggest Risk?
With 76 million active accounts that streamed nearly 27 billion hours of content in the third quarter last year, (NASDAQ: ROKU) is the leading smart-TV operating system in the U.S., Canada, and Mexico. The business has and will continue to benefit from the ongoing cord-cutting trend.
Although this streaming stock had a monster year in 2023, up 125%, it remains 82% below its peak price. Investors looking to add a beaten-down growth company to their portfolios are probably considering Roku right now.
But before you press the buy button, it's a smart idea to understand a key risk with this business. Let's take a closer look at Roku.
Source Fool.com
Roku Stock
€133.66
1.080%
The stock is one of the favorites of our community with 48 Buy predictions and 1 Sell predictions.
As a result the target price of 136 € shows a slightly positive potential of 1.75% compared to the current price of 133.66 € for Roku.
