3 Reasons Why I've Changed My Tune on Roku Stock
It's been nearly three weeks since Roku (NASDAQ: ROKU) roared to life for investors, skyrocketing 68% on its first day of trading. The run didn't stop there, with the stock more than doubling from its $14 IPO price at its peak the next day. I warned that the set-top streaming-video player pioneer seemed to be topping out on its second day of trading, and it did, with its shares eventually settling down for a stay in the neighborhood of $23. Now I'm changing my tune.
There are a few reasons why I'm feeling more opportunistic than nervous about Roku as a growth stock buy these days. Let's go over a few of them.
Image source: Roku. http://mms.businesswire.com/media/20140106005552/en/397524/5/TCL_RokuTV_Home_300DPI__14in.jpg
Source: Fool.com
Roku Stock
€59.41
0.030%
Currently there is a rather positive sentiment for Roku with 48 Buy predictions and 7 Sell predictions.
With a target price of 75 € there is a positive potential of 26.24% for Roku compared to the current price of 59.41 €.
