Roku (NASDAQ: ROKU ), the popular streaming device and platform company, was a massive beneficiary of people staying home during the pandemic. It had a captive audience. Still, the boost it received was fleeting. As the economy reopened and I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend ...

It's still a large part of her portfolio. Cathie Wood has developed a reputation for identifying high-growth, disruptive tech stocks. She invests through her company, Ark Invest, and its various exchange-traded funds (ETFs) that anyone can buy. Roku (ROKU 3.47%) has been one of her favorite stocks for a long time, but she's been selling off shares lately. Is she giving up on the streaming stock? Let's see what's happening, and whether you should follow her lead. The leader in ad-supported streaming Roku is ...

Roku Inc. NASDAQ: ROKU is a streaming media technology platform provider and device manufacturer. It's a benefactor in the fastestgrowing digital media segment, connected TV (CTV). The consumer discretionary sector leader is the top streaming device maker in the United States. ROKU It's three times larger than its nearest competitor, Amazon.com Inc. NASDAQ: AMZN Fire Stick, Samsung Electronics Co. Ltd. OTCMKTS: SSNLF smart TVs, followed by Alphabet Inc. NASDAQ: GOOGL Google Chromecast and Apple Inc. NASDAQ: ...

Core Viewpoint - Despite market volatility and uncertainty, Roku Inc. is emerging as a potential investment opportunity with bullish sentiment from analysts and institutional investors [1][5][10]. Company Overview - Roku operates in the consumer discretionary sector with a focus on technology, competing with larger peers like Netflix but on a smaller scale, which presents growth potential [4][11]. - The company's market capitalization stands at $11.2 billion, significantly lower than Netflix's $296.3 billion, indicating room for growth as the business matures [11]. Stock Performance - Roku's stock has recently traded down to 71% of its 52-week high, prompting analysts to maintain bullish targets, with J.P. Morgan Chase setting a price target of $90, representing a 16.3% upside [5][6]. - Other analysts, such as Needham & Company and Benchmark, have set even higher price targets of $100 and $105, respectively [6]. Market Sentiment - Short interest in Roku stock has decreased by 10.7% over the past month, indicating a shift in sentiment from bearish to bullish among investors [7]. - Institutional investment in Roku has increased, with $1.3 billion entering the stock over the past year, led by ARK Investment Management, which raised its stake by 1.3% [8][9]. Financial Performance - Roku's revenue increased by 14% over the past year, reaching $968 million, with streaming households growing to 83.6 million, representing nearly a quarter of the U.S. population [13]. - The company generated $317.9 million in free cash flow, a significant improvement from a net outflow of $169.3 million the previous year, highlighting its financial health [14]. Valuation Metrics - Roku's price-to-book (P/B) ratio is 4.8x, compared to the industry average of 1.8x, indicating that the market is willing to pay a premium for Roku stock based on its growth prospects [15].

Roku (ROKU) closed the most recent trading day at $77.45, moving +0.12% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.7%. At the same time, the Dow added 1.26%, and the tech-heavy Nasdaq gained 2.51%. Coming into today, shares of the video streaming company had gained 23.24% in the past month. In that same time, the Consumer Discretionary sector gained 2.85%, while the S&P 500 gained 1.27%. Investors will be eagerly watching for the performance of Roku i ...

Giuliano Benzin Roku (NASDAQ:ROKU) shares have suffered a rough 2024 with the shares down around -18% year-to-date. I believe there is potential for a bounce from this level and will outline my reasons here. An introduction to Roku Roku is a connected tv (CTV) streaming provider that was developed in collaboration with Netflix. Ahead of the launch of Roku's first streaming device, which was similar to Amazon's Fire Stick, Netflix decided to spin off the company in order to protect its own business interests ...

Roku Inc. (ROKU) , the leading TV streaming platform in the United States, has seen its stock jump 17.9% over the past six months, outperforming the broader Zacks Consumer Discretionary sector's return of 2.1% and catching the attention of investors. This impressive growth has been fueled by several factors, including the company's expanding user base and its strategic focus on the Roku Channel. Launched in 2017, this free and ad-supported platform has quickly become a key driver of the company's revenues a ...

DORAL, FLORIDA - AUGUST 23: Jessica Alba is seen on the set of Univision's "Despierta America" to ... [+] promote the Roku Original Series "Honest Renovations" at Univision Studios on August 23, 2024 in Doral, Florida. (Photo by Alexander Tamargo/Getty Images) Getty Images Roku stock gained nearly 6% on Thursday and has climbed 11% over the past week. What's driving this upward momentum? One factor is an analyst upgrade by Wolfe Research, which raised its rating on Roku stock from Hold to Buy, anticipating ...

Investment Thesis - Roku's management has effectively built on ad revenue catalysts over the past 15-18 months [1] Ad Monetization Strategy - The company is focused on delivering growing adjusted EBITDA and positive free cash flow through tools and product features aligned with its ad platform [2] - Roku's three-pillar ad monetization strategy includes enhancements to the Roku Home Screen, increasing Roku-billed subscriptions, and scaling ad demand through partnerships with leading DSPs like The Trade Desk [2][6] - Roku's stock has shown signs of recovery, emerging from correction territory, although it remains down significantly [2][3] User Metrics and Engagement - Roku has reached 83.6 million active accounts globally, with a 20% year-over-year increase in streamed hours, totaling over 30 billion hours [4][5] - The company's ARPU is showing sequential improvement, attributed to high user engagement and the success of its FAST channels [5] - Roku Channel's market share has increased to 1.6%, up from 1.5%, aided by expanded programming including live sports [5] Revenue Growth and Partnerships - Platform revenue grew 11% to $824 million, with expectations for sequential growth this year, positioning Roku for mid-teens growth in CY24 and CY25 [5][6] - Roku's partnerships with DSPs, including the adoption of Trade Desk's UID2 for ad targeting, are enhancing ad demand on its platform [6] Valuation and Market Sentiment - Despite improvements, Roku is trading at a lower valuation compared to the S&P 500, indicating skepticism about its growth prospects [7] - The company is expected to achieve a 13-15% CAGR growth through CY25, with potential for significant expansion in sales multiples [7] Device Sales Performance - Roku's device revenue increased approximately 39% in Q2, indicating strong sales momentum ahead of the holiday season [8] - The outlook for device sales is positive, contingent on retail spending trends during the holiday season [8] Overall Sentiment - Improved performance in the platform segment has shifted sentiment positively towards Roku, although valuation levels remain depressed, suggesting strong upside potential [9]

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]