On June 7, 2023, Barton Crockett, a renowned Rosenblatt analyst, shared his latest insights on Roku (NASDAQ: ROKU). He maintained his Neutral rating on the stock but lowered his price target to $61 per share, down from his previous target of $64. Despite this, Crockett’s track record as a 4-star analyst with an average return of 3.0% and a success rate of 51.46% makes his analysis noteworthy.
The stock has seen its fair share of ups and downs, with a surge of 19% to $75.80 in February 2023 following the company’s impressive results and plans to reduce expense growth. However, high inflation rates have also led to price cuts over the past year, adding to the volatility of the stock.
Updated on: 06/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
9:00 PM (UTC)
Date:06 December, 2023
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ROKU Stock Performance Sees Slight Decrease on June 7, 2023 with Positive Growth Projected in Next Five Years
On June 7, 2023, ROKU’s stock performance saw a slight decrease from the previous close of $60.92 to an opening of $60.13. Throughout the day, the stock fluctuated between $60.02 and $63.61, with a volume of 6,137,724 shares traded.
ROKU’s market cap was $8.5B, and the company’s earnings growth in the last year was -298.06%. However, the company’s earnings growth for the current year was -42.74%, and it was projected to have a positive growth rate of 26.77% in the next five years. The revenue growth for the last year was +13.09%.
ROKU’s stock performance was affected by the performance of other companies in the same sector and industry. Turtle Beach Corp’s stock performance saw a significant increase of 5.88%, and Universal Electronics Inc’s stock increased by 8.00%.
ROKU’s next reporting date was set for August 2, 2023, and the EPS forecast for this quarter was -$1.28. The company’s annual revenue for the last year was $3.1B, and its annual profit was -$498.0M. The net profit margin was -15.93%.
ROKU’s corporate headquarters was located in San Jose, California.
Roku Inc. Stock Analysis: Strong Growth Prospects and Positive Analyst Ratings
On June 7, 2023, Roku Inc. closed at $62.97, in line with the median target price forecasted by 24 analysts who predicted a price target of $74.00, with a high estimate of $90.00 and a low estimate of $41.00. The consensus among 32 polled investment analysts is to buy stock in Roku Inc. The company has been performing well in recent quarters, reporting strong sales of $772.9M in the current quarter. However, the earnings per share for the same quarter were -$1.28, indicating that the company is investing heavily in growth initiatives. Roku Inc. is a streaming platform that provides access to a wide range of content, including movies, TV shows, and live sports. The company’s growth prospects are strong, as more and more consumers shift towards streaming services. The company is well-positioned to benefit from this trend, as it has a large user base and a strong brand reputation.