Roku Stock Just Crushed Wall Street Estimates. Is It Time To Buy?
Few stocks got hit as hard in the tech sell-off as Roku (NASDAQ: ROKU).
From peak to trough, the streaming stock fell more than 90%, and it wasn't just a slowdown in digital advertising that sank the stock. Management also mistimed a ramp-up in spending, leading to wide losses on the bottom line.
However, in line with the broader recovery among tech stocks this year, Roku has bounced back, and the stock gained another leg up in its second-quarter earnings report, climbing 31.4% in Friday's market session.
Source Fool.com
Roku Stock
€55.92
1.630%
Currently there is a rather positive sentiment for Roku with 31 Buy predictions and 7 Sell predictions.
With a target price of 92 € there is a hugely positive potential of 64.52% for Roku compared to the current price of 55.92 €.
