Roku's (Slowing) Growth Isn't Coming Cheap. What's the Long-Term Plan Here?
There's no denying that connected-TV company Roku (NASDAQ: ROKU) served up some pleasant surprises in its recent third-quarter report. Chief among them is revenue.
The top line of $912 million is 20% better than the year-ago comparison, and markedly better than expectations of $855.2 million. Revenue guidance of $955 million for the quarter now underway is also above analysts' consensus forecast of $952 million.
Shares surged following the news, further driven by CEO Anthony Wood's positive take: "We had a solid rebound in video ads in Q3 and we expect the YoY [year over year] growth rate of video ads in Q4 to be similar."
Source Fool.com
Roku Stock
€58.05
-2.780%
Currently there is a rather positive sentiment for Roku with 32 Buy predictions and 6 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 60.21% for Roku compared to the current price of 58.05 €.
