3 Reasons Roku Stock Could Bounce Back This Summer
It's been a rough past few months for (NASDAQ: ROKU) investors. The stock has fallen in five of the last six months, shedding nearly half of its value along the way.
Guidance calling for slowing top-line growth, the continuing lack of profitability, and concerns about a new competitor have soured the mood for analysts and investors alike. Momentum suggests that the downticks will continue, but we shouldn't assume that it will be a June swoon. Let's go over some of the reasons why Roku could bounce back this summer.
The popular narrative is that the streaming services industry is a cutthroat business, but check your bill to see that this isn't a race to the bottom. The major premium players keep increasing prices for their ad-free offerings. Warner Bros. Discovery's Max became the latest platform to raise the bid on Tuesday. The offering formerly known as HBO Max now costs $16.99 a month, $1 higher than before and $2 higher than it was at the start of last year.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 28 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 60.57% compared to the current price of 57.92 € for Roku.
