The Roku Channel Is Growing, but Does That Make the Stock a Buy?
's (NASDAQ: ROKU) highest-growth days may be in the past. But, there's some hope the company may be able to reinvent itself as a successful streaming service like Netflix (NASDAQ: NFLX) or Comcast's Peacock.
That's the bigger-picture takeaway from numbers recently released by viewership ratings outfit Nielsen anyway. For the first time ever, The Roku Channel racked up enough viewing hours in May to make it onto the list of streaming services Nielsen identifies in its monthly report on the matter. Presumably, The Roku Channel will continue drawing a growing crowd.
It's still too soon to call it a game-changer. After all, the company remains in the red, and its revenue growth is stagnating. Maybe that's a temporary problem linked to economic weakness. Maybe not.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 26 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 69.34% compared to the current price of 54.92 € for Roku.
