1 Spectacular Growth Stock to Buy Before It Soars 1,475%, According to Wall Street
Ark Invest is an asset management company focused on disruptive technologies like robotaxis, streaming media, and blockchain. Bold market-related predictions from the firm and its founder, Cathie Wood, have led to a somewhat polarizing reputation. Some investors are diehard fans of Ark favorites like Tesla, Coinbase Global, and Roku (NASDAQ: ROKU), but others see the firm as a meltdown waiting to happen.
Regardless, Ark is having an excellent year. Its flagship Ark Innovation ETF (NYSEMKT: ARKK) gained 62% through the first seven months of 2023 due in part to triple-digit returns from Tesla, Roku, and Coinbase (its three largest holdings). But the firm still sees plenty of upside on the horizon.
For instance, Ark forecasts Roku could reach $1,493 per share by 2026, a target that implies a 1,475% upside from its current price. Should that prediction pan out, $6,350 invested in Roku stock today would be worth $100,000 in less than four years.
Source Fool.com
Roku Stock
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 61.15% for Roku compared to the current price of 56.47 €.
