Last year was a great one for Roku (ROKU 3.58%) shareholders, as the stock soared 125% in 2023. But that gain doesn't take away from the fact that the stock is still 82% below its all-time high (as of Jan. 15).The beaten-down price has prompted Cathie Wood to add to her position in the streaming stock in the new year. It's currently the third largest holding in her firm's flagship Ark Innovation ETF. She must see some strong returns on the horizon.Can this top Cathie Wood stock reach $125 per share in 2024? ...

With 76 million active accounts that streamed nearly 27 billion hours of content in the third quarter last year, Roku (ROKU 3.58%) is the leading smart-TV operating system in the U.S., Canada, and Mexico. The business has and will continue to benefit from the ongoing cord-cutting trend.Although this streaming stock had a monster year in 2023, up 125%, it remains 82% below its peak price. Investors looking to add a beaten-down growth company to their portfolios are probably considering Roku right now.But bef ...

The past couple of years have been a roller coaster ride for investors. On the heels of a stunning downturn, the stock market staged a remarkable comeback. After falling 35% in 2022, the Nasdaq Composite rallied, gaining 43% in 2023. Technology stocks, which were among the hardest hit, were some of last year's biggest winners.In spite of the remarkable market rebound, many stocks are well off their highs reached before last year's bear market. Roku (ROKU 3.58%) is a prime example. While the stock soared 125 ...

A key part of Roku's (ROKU 3.58%) business is its various hardware offerings, a lineup that includes media players, branded TVs, and other products. These provide consumers with a single easy-to-use interface that gives them access to all the streaming services out there.But if you're someone who thinks that this streaming enterprise makes all of its money from physical devices, then you'll be shocked to learn where 80% of its sales come from today. Here's what investors need to know about Roku's business m ...

If you owned Roku (ROKU 3.58%) stock this past year, you're likely very happy with your recent returns. The streaming video specialist's shares more than doubled in 2023, beating the rallying S&P 500 index by over 100 percentage points.Wall Street hopes to see further big gains ahead thanks to the powerful combination of accelerating sales growth and Roku's shrinking cost burden. Those are the big-picture trends for investors to know heading into the new fiscal year. But there's more to this growth story th ...

It’s not unusual for a stock to lose interest among market participants after making a big move and then suddenly reversing lower, as investors commonly take their profits and search for the next big winner. This behavior has been on full display over the last several years, specifically toward the original ‘pandemic winners.’Specifically, three stocks – Zoom Video Communications (ZM) , Roku (ROKU) , and Shopify (SHOP) – have all lost a fair amount of popularity since their original runs. However, analysts ...

The market rallied as 2023 closed out, but it wasn't quite enough to get us out of this bear market, at least officially. Stocks initially jumped on the promise of future interest rate action, but so far many companies are still feeling the impact of current monetary policy. So valuations of many stocks remain reasonable right now.One prime example is streaming stock Roku (ROKU -0.69%), which trades at an 80% discount to its previous highs. It's fair to say that the previous high was unreasonable, but where ...

The most recent trading session ended with Roku (ROKU) standing at $86.05, reflecting a -0.69% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.02%.The the stock of video streaming company has fallen by 15.78% in the past month, lagging the Consumer Discretionary sector's gain of 0.78% and the S&P 500's gain of 3.52%.Investors will be eagerly watching for the performance of ...

The most recent trading session ended with Roku (ROKU) standing at $87.91, reflecting a +1.5% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.34%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, lost 0.56%.The the stock of video streaming company has fallen by 15.39% in the past month, lagging the Consumer Discretionary sector's gain of 2.07% and the S&P 500's gain of 2.56%.Analysts and investors alike will be keepin ...

Roku will launch a new series of TVs in the United States in the spring.The new Roku Pro Series will join the company’s existing Roku Select and Plus Series TVs, Roku said in a Wednesday (Jan. 3) press release.“Roku Pro Series’ picture and audio quality, polished design, unique features and ease of use bring the market leadership and innovation that Roku is known for to a TV made for streaming,” Chris Larson, vice president of retail strategy at Roku, said in the release. “As we hit 10 years of the Roku TV ...