3 Reasons to Buy Roku Stock Like There's No Tomorrow
From its initial public offering in September 2017 to its all-time high in July 2021, (NASDAQ: ROKU) stock has skyrocketed nearly 2,000%. As was the case with many tech businesses, the pandemic also lifted this company to new heights.
But given more subdued investor interest, coupled with a growth slowdown, this streaming stock is currently 87% below its all-time high. It now trades at a historically cheap price-to-sales ratio of 2.6.
Besides that compelling valuation, here are three reasons to consider buying Roku like there's no tomorrow.
Source Fool.com
Roku Stock
€54.39
2.280%
Currently there is a rather positive sentiment for Roku with 29 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 70.99% for Roku compared to the current price of 54.39 €.
