#6 - Roku (NASDAQ:ROKU)
By now, you’re probably catching on that several stocks on this list are alternatives to one of the FAANG stocks. In the case of Roku (NASDAQ: ROKU), I’m seeing it as having a bit more upside than Netflix (NASDAQ: NFLX).
The pandemic couldn’t have come at a better time for Netflix. The streaming giant was starting to feel the weight of content generation weighing on its stock. But the pandemic gave the stock a lift, literally. NFLX stock charged ahead nearly 40% from the pandemic selloff in March until the end of 2021. But in 2021, the stock is only up 3.8%.
Roku by contrast was also a pandemic winner, climbing over 300% from March 2020 until the end of the year. But ROKU stock is up nearly 28% in 2021. And while the consensus of analysts suggest that growth may be slowing, recent price targets tell a different story. One reason for this is that Roku is not just a device on which content is viewed, the company is beginning to create its own content.
About Roku
Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.
Read More - Current Price
- $69.18
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $84.14 (21.6% Upside)
