Roku (ROKU) reported earnings 30 days ago. What's next for the stock?
Despite ROKU's solid Q3 growth and streaming dominance, high OpEx and changing metrics suggest waiting for a better entry point amid market uncertainty.
Media-streaming technology expert Roku (ROKU 2.11%) isn't getting any love from Wall Street. The stock is down 28% year to date, continuing a downtrend that started in the summer of 2021.
Netflix, now one of the world's largest technology companies, is the gold standard of the streaming industry. Although many competitors have entered the fray, Roku (ROKU 2.11%) remains one of the field's oldest players, with ties to Netflix's early years in streaming.
Roku (ROKU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Roku (ROKU) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Roku has an enviable platform position, but hasn't translated that to profitability.
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3 Must-Know Facts About Roku Before Buying the Stock
Roku (ROKU) shares surged Monday after Baird analysts raised their rating for the streaming company's stock, despite a fourth-quarter forecast that underwhelmed investors.
Roku Inc (NASDAQ:ROKU) stock is 2.8% higher at $70.80 at last glance following a bull note at Baird.