1 Growth Stock Down 89% to Buy Right Now
Investors have been tuning out of (NASDAQ: ROKU). Shares of the streaming video pioneer have plummeted 89% since peaking in 2021. Its latest step down came on Friday, when the stock tumbled 10% following a poorly received financial update.
The silver lining here is that actual viewers aren't tuning out as Roku continues to grow its audience and engagement. Bears have a case, given the company's lack of recent profitability and the long-term challenges that await a platform competing against larger players to serve as the streaming hub in your living room.
Let's give the bulls a shot here, too. The stock would have to be nearly a nine-bagger to return to the all-time highs it scored three summers ago.
Source Fool.com
Roku Stock
€54.39
2.280%
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 70.99% for Roku compared to the current price of 54.39 €.
