Roku Stock Is Beaten Down Now, but It Could 10X
There's a timeline in which (NASDAQ: ROKU) is a winner. The smart TV pioneer is up 77% since the end of 2022. Rattle the perspective and everything changes.
Zoom in: Roku shares tumbled 24% on Friday after posting poorly received fourth-quarter results. Zoom out: The stock has plummeted 85% since peaking three summers ago.
There are plenty of starting lines that have kicked off a long way down for Roku shareholders. The stock and its investors deserve better. Creating a long-term story with a happy ending may seem challenging, but it's not out of the question. Roku is still a five-bagger since going public at $14 less than seven years ago. It may take some time, but Roku still has the potential to pop tenfold from here. Let's play out this new happy ending.
Source Fool.com
Roku Stock
Currently there is a rather positive sentiment for Roku with 27 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 71.71% for Roku compared to the current price of 54.16 €.
