(NASDAQ: ROKU) once redefined streaming for many households. The high-flying growth stock of 2020 and 2021 has seen its share price plunge from the pandemic-induced peak, currently sitting 87% below the record prices of July 2021.

If you're searching for potential bargains at the crossroads of technology and consumer services, Roku's dramatic price drop could catch your roving eye. Past performance is no guarantee of future results, but this steep discount presents a bargain-priced entry point for those who believe in the company's fundamentals and long-term strategy.

In my view, Roku's long-term business prospects are stronger than ever. In fact, the stock should appeal to die-hard value investors in many ways, even though Roku still chiefly appeals to growth-stock chasers. So let's take a deeper look at Roku's current market position, financial health, and future prospects to understand whether this dip represents a buying opportunity or a signal to tune out.

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Source Fool.com