This Streaming Stock Is Down 30% in a Week: Time to Buy? Or Run Away?
Shares of streaming standout (NASDAQ: ROKU) were cruising in 2024 but lost control and spun out when fourth-quarter earnings came out on Feb. 15. The stock price has fallen roughly 32% since the report's release.
Sudden drops that big can be unnerving, and it's fair to at least revisit the stock's investment thesis to look for something investors might have missed or some other reason to run far away. At the same time, the market could be acting irrationally, making Roku's drop a fantastic buying opportunity for long-term investors.
Which is it? There's reason to believe it's the latter. Here is what you need to know.
Source Fool.com
Roku Stock
€52.97
0.000%
Our community is currently high on Roku with 29 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 75.57% compared to the current price of 52.97 € for Roku.
