Can Roku Sustain This 100% Pop?
Shares of Roku (NASDAQ: ROKU) soared over 100% after the recently public company reported better-than-expected earnings. That's catapulted the company up to a lofty valuation of eight times price to sales.
In this episode of Industry Focus: Tech, analyst Dylan Lewis and contributor Evan Niu, CFA, discuss the company's earnings report, and explain what's behind this outsize market reaction. Listen in to hear why Roku is switching over to a platform-based business model, and how they're executing on that change so far; just how much short interest is affecting the share price right now; what huge obstacles to growth Roku still has to figure out; and more.
A full transcript follows the video.
Source: Fool.com
Roku Stock
€54.39
2.280%
Currently there is a rather positive sentiment for Roku with 29 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 70.99% for Roku compared to the current price of 54.39 €.
