Company Performance - Roku's stock closed at $74.69, reflecting a +0.76% change from the previous day's closing price, outperforming the S&P 500's gain of 0.54% [1] - Over the past month, Roku's shares increased by 25.07%, significantly surpassing the Consumer Discretionary sector's gain of 10.09% and the S&P 500's gain of 4.86% [1] Upcoming Earnings - Roku is expected to report an EPS of -$0.35, indicating an 84.98% increase compared to the same quarter last year [2] - The consensus estimate for Roku's revenue is projected at $1.01 billion, representing an 11.07% rise from the equivalent quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$1.45 and revenue of $3.97 billion, reflecting increases of +71.06% and +13.85% respectively from the previous year [3] Analyst Projections - Recent shifts in analyst projections for Roku should be monitored, as they often indicate short-term business trends and analyst optimism regarding the company's profitability [4] - Revisions in estimates are correlated with stock price performance, suggesting that positive changes can lead to favorable market reactions [5] Zacks Rank - Roku currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [6] - The Zacks Rank system has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [6] Industry Context - The Broadcast Radio and Television industry, which includes Roku, is part of the Consumer Discretionary sector and has a Zacks Industry Rank of 191, placing it in the bottom 25% of over 250 industries [7] - The Zacks Industry Rank indicates that top-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [7]

The smart-TV pioneer has been soaring since hitting an 18-month low last month. One of this year's biggest sinkers turned out to be a back-to-school sale. Shares of Roku (ROKU 5.67%) have rallied 53% since bottoming out last month, a spectacular late summer surge that even bulls probably didn't see coming. The catalyst isn't easy to pinpoint. Roku kicked off last month with seemingly blowout results, but the market didn't read it that way. At least four analysts would slash their price targets on the shares ...

Roku (ROKU) shares rallied 5.7% in the last trading session to close at $74.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 24.8% gain over the past four weeks. Shares of Roku jumped after Wolfe Research analyst upgraded the stock's recommendation from Peer Perform (Hold) to Outperform (Buy), with a price target of $93, citing an improved outlook for the company's sales growth and profitability. Programma ...

Roku Inc (NASDAQ:ROKU) stock surging today, last seen up 6.3% to trade at $74.55 at last glance, after Wolfe Research upgraded the streaming giant to "outperform" from "peer perform," and set its price objective at $93. There is plenty of room for more analysts to turn bullish. Coming into today, 14 of the 24 firms in coverage called the stock a tepid "hold" or worse, while the 12-month consensus target price of $71.44 is a slim 4.3% premium to current levels. It's also worth noting 7.9% of Roku stock's ava ...

After a rough patch, this industry leader is finally turning the corner. The COVID-19 pandemic accelerated several major trends already taking shape in the late 2010s. One of those was a shift to streaming video over linear TV, as nearly every major media company launched a new streaming service and had a captive audience to sell to. One of the biggest beneficiaries of the pandemic period was Roku (ROKU -0.98%), which operates the largest connected TV platform in the world. Roku's share price more than trip ...

Company Overview - Roku's stock has significantly declined, trading 86% below its all-time high reached in July 2021, despite a remarkable 530% increase from its March 2020 low [1] - The company has added 2 million active accounts in Q2, bringing the total to 83.6 million, indicating continued user growth [3] Financial Performance - Roku reported a 14% revenue gain in the latest quarter, with management forecasting an 11% rise in the third quarter, suggesting healthy business expansion [2] - The company has achieved positive-adjusted EBITDA for four consecutive quarters, although it is not yet generating positive net income [7][8] Market Position - Roku holds a top market share among smart-TV operating systems in the U.S., Canada, and Mexico, benefiting from high user engagement with 30.1 billion hours of content streamed in the last three months [3] - The company operates as an agnostic platform, allowing it to capitalize on the cord-cutting trend without incurring high content licensing costs [4] Industry Trends - The digital-ad industry is cyclical, with marketing budgets tightening during economic downturns, as seen in 2022 and 2023; however, long-term trends indicate that ad dollars will increasingly flow to streaming services [5] - Roku's reliance on major content companies for ad inventory poses a risk, as these companies hold significant negotiating power [9] Valuation - Roku's current price-to-sales ratio stands at 2.6, well below its historical average of 9.5, making the stock potentially attractive for investors looking to buy the dip [10]

Roku (ROKU) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this video streaming company have returned +23.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Broadcast Radio and Television industry, to which Roku belongs, has gained 7.7% over this period. Now the key question is: Where could the stock be headed in the near term? Although medi ...

Consumers who cut their cable cord in recent years are finding that there's one thing about linear TV they can't escape: political ads. With the U.S. presidential election less than 70 days away, campaigns are swarming streaming services like Roku and Hulu to such a degree that connected TVs are seeing more ad spending than internet platforms such as Facebook and Google. That's according to data provided to CNBC by political ad analytics firm AdImpact, which started tracking the connected TV (CTV) category ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roku. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Key Takeaways Roku shares rallied Friday after Guggenheim analyst Michael Morris reportedly upgraded Roku stock to "buy" from "neutral." Guggenheim's $75 price target for the stock represents a roughly 8% premium from its closing price Friday. Morris said Roku's efforts to monetize its video advertising inventory are beginning to pay off. Roku (ROKU) shares popped Friday after Guggenheim analysts reportedly upgraded the stock to "buy" from "neutral." The streaming technology company's stock rallied nearly 1 ...