1 Phenomenal Stock That Has Skyrocketed 100% in 2023
There's no doubt that investors are pleased with the Nasdaq Composite Index's 32% gain in 2023 (as of Aug. 14). After a double-digit drop last year, the market's impressive run is certainly being cheered.
But there are some stocks that have performed even better than the index. Take (NASDAQ: ROKU), for example, whose shares have doubled in 2023. It appears as though investors are comfortable owning growth tech stocks once again, pushing up the valuations of these types of businesses.
Let's take a closer look at Roku's financial results this year, as well as a bull and bear case for the stock. This should give potential investors greater insight into what to do with the stock after its recent surge.
Source Fool.com
Roku Stock
€56.33
-0.770%
Currently there is a rather positive sentiment for Roku with 35 Buy predictions and 7 Sell predictions.
With a target price of 91 € there is a hugely positive potential of 61.55% for Roku compared to the current price of 56.33 €.
