Why Roku Stock Lost 16% in August
Shares of (NASDAQ: ROKU) stock fell 16% in August, according to data from S&P Global Market Intelligence. The streaming stock had soared after its earnings release in July, and it gave back some of the gains.
Roku is trying to find its groove in the competitive realm of streaming. Sales soared early in the pandemic and the company briefly became profitable, but between growing competition, a saturated market, viewers getting out again, and inflation, it's struggling to keep up its strong performance.
Source Fool.com
Roku Stock
€53.81
-0.500%
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 72.83% for Roku compared to the current price of 53.81 €.
