Why I Wouldn't Touch Roku Stock Right Now
Shares of streaming specialist (NASDAQ: ROKU) have had a tough run. Down about 10% year to date as of this writing, and down more than 70% over the past five years, the stock might look like a tempting turnaround play to bargain hunters.
This is especially true after the company's recent fourth-quarter report, which featured accelerating platform revenue and a welcome year-over-year swing to profitability. The business is undoubtedly gaining some notable traction.
But I'm not buying the stock here.
Source Fool.com
Roku Stock
€134.96
-1.290%
The stock is one of the favorites of our community with 48 Buy predictions and 1 Sell predictions.
At the moment Roku has reached the predicted target price of 136 €, with a current price of 134.96 €.
