Down 86%, Is It Time to Buy the Dip on This Growth Stock?
(NASDAQ: ROKU) is another perfect example of a pandemic-era darling that has fallen from grace. Shares skyrocketed 530% from their March 2020 low to their all-time high in July 2021, driven by monster success fueled by consumers spending more time at home.
However, the shares now trade 86% below that peak price. So, is it time to buy the dip on this growth stock?
Part of the reason Roku's stock has been under pressure in recent years is because of slowing growth. Revenue jumped more than 55% in both 2020 and 2021. As consumer behavior normalized, those gains weren't as impressive.
Source Fool.com
Roku Stock
€58.50
-0.950%
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 58.97% compared to the current price of 58.5 € for Roku.
