Company Of The Day: Roku

+33.40%
Upside
65.17
Market
86.93
Trefis
ROKU: Roku logo
ROKU
Roku

What?

Roku stock (NASDAQ: ROKU) has declined by about 12% on Wednesday, falling to 15-month lows of around $197 per share.

Why?

Relevant Articles
  1. Roku Stock Gained 56% Over The Last Three Months, Will It Rise Further Following Q4 Results?
  2. Up 40% Over The Last Week, Will Roku Stock Continue Its Strong Run?
  3. Roku Stock Up 50% This Year, Will It Rise Further Following Q3 Results?
  4. Will Cost Cuts, Improving Growth Continue To Power The Roku Stock Rally?
  5. Is Roku Stock A Buy Following Strong Q2 Results?
  6. What To Expect From Roku’s Q2 Results?

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

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