1 Growth Stock Down 80% to Buy Right Now
's (NASDAQ: ROKU) second-quarter results exceeded Wall Street estimates by a huge margin. Revenue jumped 11% year over year to total $847 million. And after posting a net loss of $112 million in the year-ago quarter, the business only lost $108 million in the latest period.
Shares have been on an absolute tear, up 137% through the first seven months this year, boosted by the most recent earnings report. But they're still down a whopping 80% from their all-time peak.
Investors shouldn't be discouraged, though. Here's why Roku is still a growth stock to consider buying right now.
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 €.
