Is Roku a Buy on the Dip?
Shares of (NASDAQ: ROKU), tanked about 25% during the week that ended Feb. 16, 2024. Investors were responding to another quarterly earnings report that was full of good news and not-so-good news from the television streaming platform provider.
On one hand, the number of active accounts and the amount of time users spend in front of the tube are up. A disappointing decline in demand for digital ads, though, led to lower revenue per user.
Roku's still losing money, but those losses are narrowing. Is this contentious stock one you want to buy on the dip, or is it still too risky?
Source Fool.com
Roku Stock
€54.39
2.280%
Currently there is a rather positive sentiment for Roku with 29 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 70.99% for Roku compared to the current price of 54.39 €.
