The S&P 500 Just Had Its Best Week of the Year. 1 No-Brainer Stock That Can Keep Rallying.
The S 500 (SNPINDEX: ^GSPC) has been anything but predictable this year, rocking and rolling over interest movements and the AI hype, but the broad-market index dealt investors a big win last week.
The S 500 finished the week up 5.9% in response to strong quarterly earnings reports, signs the Federal Reserve could be done raising interest rates, and a jobs report that showed employment growth that was slow enough so that investors didn't fear further action from the Fed.
The rally extended well beyond the 500 large-cap stocks that make up the benchmark index, and some of the biggest winners were small and mid-cap stocks that are still down sharply from their pandemic-era peaks. One of those is Roku (NASDAQ: ROKU), the leading streaming distribution platform whose shares jumped 50.4% after the company smashed analyst estimates in its third-quarter earnings report.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 29 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 83.54% compared to the current price of 50.67 € for Roku.
