Does Roku (ROKU) have what it takes to be a top stock pick for momentum investors? Let's find out.
Roku (ROKU) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Recently, Zacks.com users have been paying close attention to Roku (ROKU). This makes it worthwhile to examine what the stock has in store.
Roku's fourth-quarter 2024 results benefit from consistent growth in streaming households and streaming hours on The Roku Channel.
Roku, Inc. ROKU shares are trading higher on Friday.
Shares of Roku (ROKU 12.84%) soared on Friday following a strong earnings report. The media-streaming technology expert's stock rose as much as 20.9% in the morning session before settling back at a still-impressive 14% gain by 1:35 p.m.
Notable outperformers this morning, Roku Inc (NASDAQ:ROKU) and Airbnb Inc (NASDAQ:ABNB) are surging after their fourth-quarter results beat expectations.
Roku shares surged Friday morning on the heels of a stronger-than-expected quarterly report, reaching a new yearly high. CEO Anthony Wood said the company added more than 4 million new streaming households during its most recent quarter and is on track to reach 100 million streaming households in the next year.
Roku Inc (NASDAQ:ROKU) delivered a standout fourth-quarter earnings report, sending the company's stock surged nearly 13% on Friday as investors responded to its strong financial performance and optimistic guidance. The company delivered its first profitable quarter since 2021, posting a profit of $450 million, which beat expectations by $17.6 million.
Close KEY TAKEAWAYS Roku shares are jumping Friday, after the streaming company posted better-than-estimated fourth-quarter results.JPMorgan stuck with its outperform rating on Roku and raised its price target on the stock to $115 from $92 each.Roku said it exceeded 90 million streaming households in the first week of January 2025. Roku (ROKU) shares jumped early Friday after the streaming company posted better-than-estimated fourth-quarter results. The streaming platform reported a narrower fourth-quarter operating loss of $39.1 million versus the $104.2 million loss it posted in the same period in 2023. Revenue jumped 22% year-over-year to $1.20 billion, All the numbers beat consensus estimates from Visible Alpha. Roku also said it expects to be “operating income positive for full year 2026.” The stock was up about 14% in early trading. Roku Projects First FY Outlook Since 2022 The company projected first-quarter revenue of $1.0 billion and full year 2025 revenue at $4.61 billion. Those figures were in line with estimates but JPMorgan analysts Thursday said the company “threw a curveball and provided a year-ahead outlook for the first time since 2022.” JPMorgan stuck with its outperform rating on Roku and raised its price target on the stock to $115 from $92 each. Roku said in its shareholder letter that it wanted to “provide a clear and accurate outlook grounded in the latest information rather than conservatism.” Roku said it ended 2024 with 89.8 million streaming households, and exceeded 90 million in the first week of January 2025. Roku shares were down around 4% in the past 12 months through Thursday. This article has been updated since it was first published to reflect new share-price information. Do you have a news tip for Investopedia reporters? Please email us at [email protected]
CNBC's Julia Boorstin and Roku CEO Anthony Wood join 'Squawk Box' to discuss the company's quarterly earnings results, the company's advertising business, growth outlook, and more.
Roku stock surged by approximately 14% in pre-market trading on Friday, bringing its year-to-date gains to over 30%. The increase follows Roku's stronger-than-expected Q4 2024 results, with total revenue climbing 22% to $1.2 billion.