Roku Stock Is Beaten Down Now, but It Could 10X
The market's not seeing or pricing in nearly enough of this streaming middleman's long-term potential.
It's been a frustrating past four years for patient Roku (NASDAQ: ROKU) shareholders. While the ticker's pullback from its pandemic-prompted 2021 peak wasn't exactly surprising (lots of stocks suffered a similar fate), what is surprising is that this one hasn't budged a bit since that slide.
Shares of the company are still down more than 80% from their 2021 high despite continued growth during this time. Blame a lack of profitability, maybe.
Just remain patient. Roku's day in the sun is coming. And it could be big once the ball finally gets rolling.
