3 Reasons The Roku Channel Is So Important to Roku's Future
Streaming media player maker Roku (NASDAQ: ROKU) utterly crushed its first public earnings release last week as the company executes well on its transition to becoming more of a platform company and less of a hardware company.
Not only is the platform business vastly more profitable, but also less susceptible to aspects of consumer hardware like seasonality, product cycles, inventory risk, and more. Platform revenue continues to steadily march higher.
Data source: SEC filings. Chart by author.
Source: Fool.com
Roku Stock
€61.31
-2.100%
Currently there is a rather positive sentiment for Roku with 33 Buy predictions and 6 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 51.69% for Roku compared to the current price of 61.31 €.
