Is Roku Stock the Rodney Dangerfield of Streaming?
There were a lot of good things in 's (NASDAQ: ROKU) financial update on Thursday afternoon. The company that ushered in the era of streaming video through your TV topped its earlier revenue guidance. It surprised the market with its first profitable quarter in more than three years. Roku also raised its full-year guidance across the board.
It apparently wasn't enough. Roku stock opened lower on Friday morning. At least 10 analysts would go on to jack up their price targets on the stock, from as little as $1 to as high as $26. It didn't matter. There's still a silver lining to the initial downtick in the shares. I'll get to that, but first let's dig into the second-quarter results.
Expectations were modest heading into the results that were announced shortly after Thursday's market close. Roku's guidance established three months ago called for $1.07 billion in revenue, a 10.5% advance. This was seen as a disappointing outlook at the time. Roku had posted double-digit top-line jumps in each of previous eight quarters. This would stretch the streak to nine, but it would be the weakest revenue move in the run.
Source Fool.com
Roku Stock
With 44 Buy predictions and 3 Sell predictions Roku is one of the favorites of our community.
With a target price of 88 € there is a slightly positive potential of 6.36% for Roku compared to the current price of 82.74 €.
