
NASDAQ:ROKU
This summary was created by AI, based on 2 opinions in the last 12 months.
Roku Inc. (ROKU-Q) has shown a remarkable performance this year, gaining 21% and demonstrating resilience even during challenging market days. The stock's targeted advertising capabilities have garnered positive attention, suggesting that advertisers are increasingly inclined to invest in the platform. While some analysts express concerns over its high P/E ratio, the overall sentiment leans towards optimism, with many believing that Roku's numbers will continue to rise. The buzz surrounding the company's growth prospects underlines its appeal to investors, indicating a bright future for Roku as the advertising landscape evolves.
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.