
NASDAQ:ROKU
This summary was created by AI, based on 2 opinions in the last 12 months.
Roku Inc (ROKU-Q) has shown impressive growth this year, with an increase of 21%, even amidst market volatility. Experts appreciate that the stock tends to perform well, even on down days, indicating strong resilience. The company's focus on targeted advertising is also seen as a significant advantage, catering to advertisers eager to utilize its platform. While some experts previously viewed Roku's price-to-earnings (P/E) ratio as elevated, there is a general feeling of optimism regarding its future potential. Positive sentiment around Roku's financial figures suggests sustained advertiser interest and a healthy outlook for the company's performance.
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.