This Growth Stock Could 10x in 10 Years

(NASDAQ: ROKU) is a market leader in an expanding industry, but this doesn't mean that the shares can pop tenfold in the next 10 years. The starting line is kind right now. Roku may have more than doubled this year, but the shares are still trading for less than a fifth of the all-time high hit in the summer of 2021.

The share count is only marginally higher now. In short, the market perception of Roku's fundamentals would have to return to where it was two years ago, and then double from there. This can definitely happen in the next 10 years, especially as Roku is showing clear signs of overcoming the bearish knocks on the streaming media pioneer.

There was a lot to like in Roku's latest quarterly update, a well-received report that catapulted the stock a blistering 75% higher in November. A lot of the negatives weighing on the platform's success -- slowing revenue growth and declining average revenue per user (ARPU) -- went away. The 20% top-line growth it posted was the biggest year-over-year gain since the first quarter of 2022. It was also the third consecutive report of sharply accelerating revenue growth.

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Source Fool.com