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Roku Stock: Headed to $500?

TheMotleyFool

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Roku (NASDAQ: ROKU) stock has been up and down this year. After soaring 148% in 2020, shares are currently up just 6% year to date, lagging the performance of the S&P 500. Valuation concerns seem to be weighing on the shares more than anything, because the business has had a great year.

Revenue grew 79% in the first quarter before accelerating slightly to 81% in the second quarter. Specifically, growth in average revenue per user (ARPU), a key monetization metric, is starting to come alive, accelerating from 20% growth in the third quarter of 2020 to 46% in the most recent period.

Image source: Getty Images.

Source Fool.com

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