Is This Roku's Single Biggest Risk?
With 76 million active accounts that streamed nearly 27 billion hours of content in the third quarter last year, (NASDAQ: ROKU) is the leading smart-TV operating system in the U.S., Canada, and Mexico. The business has and will continue to benefit from the ongoing cord-cutting trend.
Although this streaming stock had a monster year in 2023, up 125%, it remains 82% below its peak price. Investors looking to add a beaten-down growth company to their portfolios are probably considering Roku right now.
But before you press the buy button, it's a smart idea to understand a key risk with this business. Let's take a closer look at Roku.
Source Fool.com
Roku Stock
€60.99
-0.590%
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 52.48% for Roku compared to the current price of 60.99 €.
