Where Will Roku Stock Be in 1 Year?
Roku's (NASDAQ: ROKU) stock rose 11% on Feb. 16 after it posted its fourth-quarter report. The company -- which provides streaming devices and the software platform for them -- had revenue that stayed nearly flat year over year at $867 million but beat analysts' estimates by $64 million.
It posted a net loss of $237 million, compared to a net profit of $24 million a year ago. But its net loss of $1.70 per share still beat the consensus forecast by $0.03.
For the full year, Roku's revenue rose 13% to $3.1 billion, but its net loss of $498 million marked a steep decline from its net profit of $242 million in 2021. Those growth rates were dismal, and Roku's stock remains down more than 50% over the past 12 months after its recent post-earnings pop. Could it finally bottom out and recover by the end of this year?
Source Fool.com
