Why Roku Stock Dropped 12% in April
Shares of Roku (NASDAQ: ROKU) had another rough month in April, as challenges in the streaming sector and an underwhelming outlook weighed on the streaming stock. Broader macro headwinds around fears that the Federal Reserve wouldn't lower interest rates as expected pushed stocks lower overall in April.
According to data from S&P Global Market Intelligence, the stock finished the month down 12%.
Image source: Getty Images.
Source Fool.com
Roku Stock
€131.52
-0.750%
The stock is one of the favorites of our community with 47 Buy predictions and 1 Sell predictions.
However, we have a potential of -0.4% for Roku as the target price of 131 € is below the current price of 131.52 €.
