This Stock Has Doubled So Far in 2023. Cathie Wood Believes It Still Has Upside of 528%.
The stock market is in the midst of a remarkable comeback after enduring its worst performance since 2008. The S 500 is up 19% so far this year, while the tech-heavy Nasdaq Composite is up 37% through July. A number of technology stocks -- which were punished mercilessly during the downturn -- have come roaring back but are still well below their pre-downturn highs.
One such stock is (NASDAQ: ROKU). The streaming pioneer has gained 137% thus far in 2023 but is still 80% off its peak. It's unsurprising, then, that Ark Investment Management's Cathie Wood believes the rally has just begun, with the potential for the stock to climb to $605 by 2026, representing an additional upside of 528% even after this year's stunning rally.
Let's review several factors that could help propel Roku stock higher.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 27 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 75.67% compared to the current price of 52.94 € for Roku.
