3 Things Smart Investors Know About Roku Before They Buy the Stock
From its initial public offering in September 2017 to its all-time high in July 2021, (NASDAQ: ROKU) stock skyrocketed more than 20-fold, a ridiculous return in less than four years. But like many growth-tech stocks that surged throughout the pandemic, it hasn't been a fun ride over the past couple of years. As of this writing, the stock is down 87% since that peak price.
Shares have bounced back nicely so far this year. This momentum, coupled with a still-low valuation, could be enticing for some investors. To help you make a more informed decision, here are three things about Roku that the smartest investors know.
Most investors are likely familiar with companies like Netflix or Walt Disney -- popular content providers that offer direct-to-consumer memberships over the internet. Roku is a bit different from these streaming giants, though.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 33 Buy predictions and 6 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 57.47% compared to the current price of 59.06 € for Roku.
