Is Roku Stock a Buy Now?
After tremendous growth during the pandemic, when consumers were stuck at home and turned to streaming entertainment, (NASDAQ: ROKU) has been facing a major slowdown. And shareholders have felt the pain, as the stock cratered 82% in 2022.
But the new year has brought renewed optimism for growth tech stocks. Shares have climbed 106% in 2023, as of Sept. 7, riding the gains of the Nasdaq Composite Index. Does this mean now is still a good time to buy Roku stock?
Here are three reasons this might be a smart idea for your portfolio.
Source Fool.com
Roku Stock
€60.32
-1.680%
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 54.18% for Roku compared to the current price of 60.32 €.
