Here Are 3 Reasons Why You'll Regret Not Buying Roku Stock on the Dip Right Now
(NASDAQ: ROKU) recently reported financial results for the first three months of 2024. Based on the stock's immediate drop, the market wasn't pleased. That's kind of a head-scratcher.
The business raked in revenue of $881 million and registered an adjusted loss per share of $0.35. Both of these headline figures beat Wall Street consensus analyst expectations.
Nonetheless, the results didn't prevent the shares from continuing their fall. As of this writing, this streaming stock is 88% off its all-time high, which was set in July 2021. But I think this makes Roku look like a screaming buying opportunity right now.
Source Fool.com
Roku Stock
€61.35
-0.330%
Currently there is a rather positive sentiment for Roku with 33 Buy predictions and 6 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 51.59% for Roku compared to the current price of 61.35 €.
