Roku Stock Is Beaten Down Now, But It Could 10X
It's been a rough few years for Roku (NASDAQ: ROKU). The leading streaming distribution platform was a darling during the pandemic, but the stock has fallen hard since then. What seemed like a mounting comeback fell apart last month as Roku shares suffered a one-two punch after it gave disappointing guidance. Then Walmart said it would acquire TV-set maker Vizio in what looks like a play for the digital ad market from the retail giant.
After that pullback, Roku is still trading down more than 80% from its pandemic-era peak, but that sell-off also offers a good price for a stock that still has disruptive potential. Keep reading to see why holding your nose and hitting the buy button on Roku could pay off down the road.
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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 €.
