Where Will Roku Stock Be in 3 Years?
Media-streaming technology veteran (NASDAQ: ROKU) will report holiday-quarter results on Thursday evening. Investors are approaching this event on a high note, as Roku's stock price has increased by 72% over the last year. But the stock also stands 80% below the all-time highs from the summer of 2021, so it's not all rainbows and butterflies.
As the streaming wars heat up, Roku finds itself at a critical juncture. This week's results will set the stage for a new era in Roku's story of user growth and global expansion. On the eve of a potentially game-changing business update, let me walk you through where I see Roku going over the next three years.
In the earnings call two years ago, Roku's management called their company "a leader in a very large global opportunity." The ad-supported Roku Channel reached the households of 80 million viewers, the number of active Roku users stood at 60 million accounts, and the long-term vision was that digital-streaming platforms will replace old-school media channels and advertising options over time.
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 72.22% for Roku compared to the current price of 54.0 €.
