1 Green Flag for Roku Stock in 2023, and 1 Red Flag
Investors could hardly be more enthusiastic about (NASDAQ: ROKU) stock in 2023. Shares of the streaming video specialist have more than doubled this year, compared to a 34% spike in the Nasdaq Composite Index.
That performance easily surpassed returns from industry leader Netflix, which is far more profitable and has a more stable sales footprint. But there are good reasons for Roku's rebound, especially its market share gains in the streaming video niche. On the other hand, the company hasn't made much progress in returning to net profits.
Let's take a closer look at those green and red flags.
Source Fool.com
Roku Stock
€54.34
-0.090%
Currently there is a rather positive sentiment for Roku with 29 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 71.14% for Roku compared to the current price of 54.34 €.
