3 Reasons to Buy Roku Stock Right Now
There's no question that the adoption of streaming video surged during the pandemic, and as the leading aggregator of streaming channels, Roku (NASDAQ: ROKU) was one of the biggest beneficiaries. The company is the undisputed leader, with more than 56 million active accounts. This, combined with year-over-year revenue growth of 51% in the third quarter, suggests the stock should be a no-brainer.
However, shares of Roku have taken a hit in recent months. The latest earnings report implied that consumers are putting down their remotes and getting off the couch. As a result, Roku's active account growth slowed to 23% year over year and the growth in total streaming hours for the quarter decelerated to 21% over the prior year.
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Source Fool.com
