Plot Twist: Roku Stock Turns the Corner
Halloween was on Tuesday, but (NASDAQ: ROKU) saved a bag of treats for its investors on Wednesday afternoon. The streaming video pioneer posted fresh financial results, and it was a hit parade:
It wasn't a perfect report, but it was just what Roku shareholders needed. The stock initially moved sharply higher on the better-than-expected financial update.
Revenue rose 20% to hit $912 million in the third quarter. It's a big deal because Roku was only targeting 12% top-line growth for the quarter back in July.
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 €.
