Why Roku Stock Dropped 12% in April
Shares of Roku (NASDAQ: ROKU) had another rough month in April, as challenges in the streaming sector and an underwhelming outlook weighed on the streaming stock. Broader macro headwinds around fears that the Federal Reserve wouldn't lower interest rates as expected pushed stocks lower overall in April.
According to data from S&P Global Market Intelligence, the stock finished the month down 12%.
Image source: Getty Images.
Source Fool.com
Roku Stock
€52.00
1.420%
Our community is currently high on Roku with 29 Buy predictions and 6 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 78.85% compared to the current price of 52.0 € for Roku.
