Roku Stock Is Beaten Down Now, But It Could 10X
It's been a rough few years for Roku (NASDAQ: ROKU). The leading streaming distribution platform was a darling during the pandemic, but the stock has fallen hard since then. What seemed like a mounting comeback fell apart last month as Roku shares suffered a one-two punch after it gave disappointing guidance. Then Walmart said it would acquire TV-set maker Vizio in what looks like a play for the digital ad market from the retail giant.
After that pullback, Roku is still trading down more than 80% from its pandemic-era peak, but that sell-off also offers a good price for a stock that still has disruptive potential. Keep reading to see why holding your nose and hitting the buy button on Roku could pay off down the road.
Source Fool.com
Roku Stock
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 €.