Company Of The Day: Roku
Roku stock (NASDAQ: ROKU) has declined by about 12% on Wednesday, falling to 15-month lows of around $197 per share.
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.
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
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|S&P 500 Return||-1%||-1%||110%|
|Trefis MS Portfolio Return||-5%||-5%||273%|
 Month-to-date and year-to-date as of 1/6/2022
 Cumulative total returns since the end of 2016