The Good, Bad, and Ugly of Roku This Week
Expectations were high heading into 's (NASDAQ: ROKU) fourth-quarter report after Thursday's market close. With the shares initially trading 15% lower on the news, it's fair to say that the market doesn't like what it's hearing out of the streaming video pioneer.
It wasn't an entirely problematic performance. There were some positives, even if the overall market sentiment was negative. Let's go over the good, the bad, and the ugly of Roku's critical financial update this week.
Revenue rose 14% to $984.4 million in Roku's holiday quarter. There were double-digit gains for both its platform and devices businesses. Roku was targeting just 10% growth for the quarter three months ago. Analysts were a bit more optimistic, eyeing a 12% increase. It landed well ahead of revenue expectations.
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 90.97% for Roku compared to the current price of 48.7 €.
