When it comes to smart TV operating systems in the U.S., (NASDAQ: ROKU) is undoubtedly a leader with a 43% market share -- higher than that of the next three operating systems combined. After a difficult 2022, this video streaming specialist's stock seems to be finally on the road to recovery, with shares gaining by 90% so far this year.

However, Cathie Wood's Ark Invest, is projecting a much higher growth potential for this stock. According to Ark's valuation model, published in July 2022, Roku's shares can be worth $605 by 2026 (base case). This implies an upside potential of around 680% from the current price.

While the price target may seem a tad bit unrealistic, investors should still consider this stock for its long-term growth potential. Here's why.

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Source Fool.com