Will Roku Bounce Back in 2023?
Just about everything that could have gone wrong for Roku (NASDAQ: ROKU) in 2022 has.
The stock has plunged 82% and just touched another 52-week low. Revenue growth is expected to be negative in the fourth quarter. And after delivering a solid profit a year ago, the company has now lost $261 million through the first three quarters of the year.
While those data points might seem to indicate a broken business, Roku is in a better position than it looks. After the brutal sell-off this year, it's worth asking if the stock is a good rebound candidate for 2023.
Source Fool.com
