#7 - Roku (NASDAQ:ROKU)
Roku (NASDAQ:ROKU) is an investment on the continued growth of streaming services. Roku is the agnostic lock that fits any number of “keys” meaning it will host almost any streaming service with its Roku device. The company also makes money through its advertising. However, Roku is also making a major investment to begin producing its own content.
In the past 12 months, ROKU stock is up over 186%. However, in 2021, investor sentiment has turned slightly bearish. The stock is up just 5% and the stock is not showing a strong entry point for investors at this time.
But if one analyst is to be believed, ROKU stock could be trading at a discount of nearly 40% based on projections for subscriber and platform revenue growth. That’s a narrative that will take time to play out. In the meantime, investors should look for an opportune time to buy this dip in ROKU stock.
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
- $69.20
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $84.14 (21.6% Upside)
If there’s any good news that investors can take away from the current state of affairs in Washington is that the Blue Wave has not become a tsunami yet. And with mid-term’s coming up in 2022, the window for regulatory action may close sooner than anyone expects.
However, anytime that the words “government regulation” get mentioned in the same sentence as a stock that you own, it’s cause for concern. And it may mean that it’s time to take some profits on stocks that you love. But a little prudence now can save you a lot of pain later.
So what’s a tech investor to do? Now is the time to take advantage of the economic reopening. The stocks in this presentation are leaning into the areas of the economy that are going to show the most strength for the rest of 2021 and beyond.
The bottom line is that you have options in the tech sector. And these seven stocks give you a good place to start the hunt for growth.
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