7 Metrics Behind Roku Inc.'s Soaring Stock Price
It's fair to say that expectations were high ahead of Roku's (NASDAQ: ROKU) first reporting period as a publicly traded company. Shares were trading at $19 in the trading day before it reported its third-quarter results -- up 36% from Roku's $14 price in its initial public offering. Analysts were expecting strong double-digit top-line growth.
But the set-top streaming video player company delivered -- and then some. Not only did revenue growth come in far higher than analysts were expecting, but Roku also reported a narrower-than-expected loss, soaring growth in gross profit and active accounts, and a range of other impressive stats.
Image source: Roku.
Source: Fool.com
Roku Stock
€61.31
-2.100%
Currently there is a rather positive sentiment for Roku with 33 Buy predictions and 6 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 51.69% for Roku compared to the current price of 61.31 €.
