3 Things About Roku the Smartest Investors Know
After a dismal 2022, it seems investors are once again warming to (NASDAQ: ROKU). After plunging as much as 90%, Roku stock has come roaring back, soaring 92% so far this year.
While the company was battered by supply chain challenges, dismal macroeconomic conditions, and unrealistic pandemic-era comps, that didn't stop Roku from preparing for the future. It continued to grow its market share, hone its ad-targeting prowess, and wait for the inevitable economic recovery to come.
There are numerous reasons to believe this could be the beginning of a major multiyear run for Roku. Let's take a look at three.
Source Fool.com
Roku Stock
€58.05
-2.780%
Our community is currently high on Roku with 26 Buy predictions and 6 Sell predictions.
As a result the target price of 92 € shows a very positive potential of 58.48% compared to the current price of 58.05 € for Roku.
