Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Will Roku's Stock Rebound in 2023?

TheMotleyFool

0 0

Will Roku's Stock Rebound in 2023?: https://g.foolcdn.com/editorial/images/721669/gettyimages-1317797291.jpg

Streaming company Roku's (NASDAQ: ROKU) woes started when COVID-19 restrictions began easing in the middle of 2021, and fewer people stayed indoors watching TV. Things only got worse when inflation began soaring, and the Federal Reserve responded by raising rates last year faster than it had in decades. As a result, the stock dropped 82% in 2022.

When Roku released its earnings on Feb. 15, 2022, the results were much better than investors' worst fears, and the stock rose 11%. So, has the stock bottomed, and will it rebound in 2023?

Let's investigate.

Source Fool.com

Like: 0

ROKU

Share