Can This Beaten-Down Stock Skyrocket More Than the "Magnificent Seven" Over the Next 3 Years?
The "Magnificent Seven" refers to seven of the largest publicly traded tech companies in the world: Nvidia, Meta Platforms, Apple, Amazon, Microsoft, Alphabet, and Tesla. For what it's worth, this article is predicated on my belief that most of these companies are overvalued right now, and returns for the next three years consequently look modest to me.
Against this backdrop, I believe (NASDAQ: ROKU) has a much higher chance of skyrocketing over the next three years. Its market-beating potential isn't a guaranteed outcome. But there are several reasons to believe this stock is a coiled spring ready to be released. Here are three of them.
If the "Magnificent Seven" is expensive as a whole, Roku stock is downright cheap. This is the first reason to be optimistic about its potential over the next three years.
Source Fool.com
Roku Stock
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 €.
