
NASDAQ:ROKU
This summary was created by AI, based on 2 opinions in the last 12 months.
Roku Inc (ROKU-Q) has recently shown a remarkable growth of 21% this year, indicating its potential to thrive even during adverse market conditions. One expert expresses a wish to own the stock, highlighting its significant advantage in targeted advertising, which positions it favorably in the competitive market. Despite concerns regarding its price-to-earnings (P/E) ratio being perceived as high, the overall sentiment is positive. Furthermore, there is growing optimism around Roku's financial performance, with advertisers increasingly interested in utilizing its platform for marketing, contributing to a positive outlook for the company.
Roku has become the preferred way to stream through devices or software built it into more and more smart TVs. It's jumped nearly 30% in the past 12 trading days. Two weeks ago, Roku released early quuarterly data which was terrific including over 50 million users. The stock declined, then rallied to this day. JPM started coverage of ROKU with an overweight rating and price target of $475. There's upside here, but ROKU now trades at 20x sales, which is expensive in this sector. If you've made money, then take some profits.
Part of his Fear Factor portfolio of stocks that will thrive with or without government stimulus during Covid The de-facto entertainment company during Covid. Lets you stream video from your web to the TV. Prefers it to Netflix, because it gives you access to everything, not just betting on one streamer.