Company Of The Day: Roku
What?
Roku stock (NASDAQ: ROKU) has declined by about 12% on Wednesday, falling to 15-month lows of around $197 per share.
Why?
While the recent sell-off was driven by an analyst downgrade, Roku stock has been under pressure for some time now, due to mixed quarterly results and lighter than expected guidance. The company is likely to see demand growth cool, as the economy continues to open up with fewer people staying home.
So What?
However, we think Roku stock is oversold at current levels, given that it remains down by almost 60% from its August 2021 highs.
See Our Complete Analysis For Roku
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| ROKU Return | -14% | -14% | 280% |
| S&P 500 Return | -1% | -1% | 110% |
| Trefis MS Portfolio Return | -5% | -5% | 273% |
[1] Month-to-date and year-to-date as of 1/6/2022
[2] Cumulative total returns since the end of 2016