Over the past few years, Ark Investment Management's claim to fame has been making big bets on disruptive and emerging technologies, including artificial intelligence, robotics, and autonomous driving platforms. The company is led by enigmatic founder Cathie Wood, who made a name for herself by making early calls on such winning stocks, including Block, Tesla, and Nvidia, among others.

After taking it on the chin in 2022, the ARK Innovation ETF is mounting a comeback. It's generating returns of 31% so far this year, more than double the returns of the S 500 (as of this writing). The gains were fueled by impressive performances from Coinbase Global, (NASDAQ: ROKU), and Tesla, but Wood believes there's much more to come.

One of Ark's most high-profile calls involves Roku, which Wood believes will likely climb to $605 by 2026. That's an upside of 625% compared to Tuesday's closing price. Her bull case is even more eye-opening, calling for the stock to rise to $1,493 per share over the next two years, which would represent gains of 1,690%. How likely are gains of that magnitude, and how should investors view Roku stock going forward? Let's see what the evidence suggests.

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Source Fool.com