Is Roku the Best Streaming Stock to Buy Right Now?
(NASDAQ: ROKU) recently reported its financial results for the last three months of 2023. And based on how shares are performing, investors weren't pleased with the numbers. Revenue was better than expected, but management warned of ongoing industry headwinds this year.
The latest update proves again that Roku is dealing with an uncertain macroeconomic backdrop. And this will continue to impact the digital advertising market in the near term.
Nonetheless, the business is still well positioned to gain from the growing number of cord-cutters. But is Roku the best streaming stock to buy right now? Let's take a closer look.
Source Fool.com
Roku Stock
€54.39
2.280%
Our community is currently high on Roku with 29 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 70.99% compared to the current price of 54.39 € for Roku.
