After rising more than 400% year to date, Roku (NASDAQ: ROKU) stock is overvalued, argued one analyst on Monday. The analyst's note sent Roku shares sliding. The stock fell 15% by the time the market closed.
Is it time for investors to take their profits on this streaming-TV platform specialist's stock? Or is there more upside ahead for shareholders willing to hold Roku shares for the long haul?
While the stock certainly commands a premium valuation, investors should think twice before they sell based on Roku's stock's strong year-to-date performance. Here's why the stock may not be as pricey as it seems at first glance.
Source Fool.com