1 Wall Street Analyst Thinks Roku Stock Is Going to $74. Is It a Buy Around $60?
(NASDAQ: ROKU) shares are down 35% year to date and still trading well off the highs from a few years ago. However, the business has turned in profitable growth for three consecutive quarters.
The latest earnings results were good enough for Seaport Research to upgrade the stock from a neutral rating to buy, with a $74 price target, representing 23% upside from the current $60 share price.
The macroeconomic headwinds that caused advertising spending to dry up in 2022 are behind Roku now. Revenue growth has steadily improved over the last year and came in at a solid 19% year over year in 2024's first quarter.
Source Fool.com
Roku Stock
€52.89
-2.120%
Currently there is a rather positive sentiment for Roku with 27 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 75.84% for Roku compared to the current price of 52.89 €.
