Does This Magnificent Competitive Advantage Make Roku Stock a Screaming Buy?
Although (NASDAQ: ROKU) shares are up 72% this year, outpacing the broader Nasdaq Composite Index by a wide margin, they remain 85% off their all-time high. A general slowdown in the streaming and digital advertising industries, coupled with investors moving away from riskier stocks, has certainly hurt Roku shareholders.
But investors who believe in Roku's long-term prospects can't forget about a key element of the business and its success. In fact, it just might give you the optimism you're looking for right now.
Along the same vein, a magnificent competitive advantage might make this streaming stock a screaming buy. Let's take a closer look.
Source Fool.com
Roku Stock
€59.06
-3.910%
Our community is currently high on Roku with 33 Buy predictions and 6 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 57.47% compared to the current price of 59.06 € for Roku.
