Where Will Roku Stock Be in 5 Years?
Obsessively focusing on the short term is a favorite pastime on Wall Street, but it's not a great strategy for achieving market-beating returns in the long run. One of your key advantages as an investor is the ability to ignore the daily or quarterly fluctuations that drive financial headlines while instead following a company's enduring competitive assets.
That advantage gets bigger when you stretch your investing timeline into at least several years. A tech-focused growth business like (NASDAQ: ROKU), for example, will certainly look much different in five years than it does today. Let's see what investors can expect from the streaming platform by then.
For those not already familiar, Roku makes digital media players for video streaming and operates a video-on-demand service. The latter business is highly dependent on advertising -- a factor that drove declining sales through early 2023. However, that business is looking up lately. "We are well positioned to reaccelerate growth as the ad market recovers," management told investors in late July.
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 €.
