5 Bullish Takeaways From Roku's Blowout Quarter
With (NASDAQ: ROKU) shares trading sharply lower this year, it wasn't going to take a lot to get the stock moving after the company announced its second-quarter results following the market close on Thursday. Thankfully for investors, most of the newsy nuggets coming out of the financial update were upbeat.
There was more to like than not like in the critical quarterly performance. Let's dig into the report to pick out some of the more encouraging revelations this week by the smart-TV pioneer.
Roku's guidance called for $935 million in revenue for the three months ending in June, a 10% increase from where it landed a year earlier. Analysts were modestly more hopeful, eyeing $937.6 million on the top line. Both forecasts proved to be conservative. Roku's record quarterly revenue of $968.2 million was a 14% year-over-year jump.
Source Fool.com
Roku Stock
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.
