Roku Always Gets the Last Laugh
Roku (NASDAQ: ROKU) is the comeback kid in the second half of the year. Despite being an obvious leader in the booming digital video market -- it has 43 million homes streaming a daily average of 3.73 hours a day on its platform -- the stock actually declined 13% in the first half of 2020. As shelter-in-place beneficiaries soared from the initial pandemic bottom in mid-March it seemed as if Roku shares were sheltering in place instead.
Everything's clicking now. Roku shares have nearly doubled since the end of June, soaring 92% heading into this new trading week. The stock is hitting all-time highs on the heels of bullish analyst moves and Roku flexing its market-leading muscles in recent days. Wall Street's falling in love with Roku, again. If history is any kind of teacher we know that Wall Street will eventually break things off with Roku, again -- only to come running back to the fast-growing streaming video platform. Roku eventually wins. Roku always seems to get the last laugh and the next kiss.
Image source: Getty Images.
Source Fool.com
