Roku Inc (NASDAQ:ROKU) (2024)

FAQs

Is Roku stock expected to go up? ›

ROKU Stock Forecast FAQ

Roku has 14.16% upside potential, based on the analysts' average price target. Roku has a consensus rating of Moderate Buy which is based on 8 buy ratings, 8 hold ratings and 1 sell ratings. The average price target for Roku is $74.67.

According to analysts, ROKU price target is 70.40 USD with a max estimate of 105.00 USD and a min estimate of 50.00 USD.

One factor is an analyst upgrade by Wolfe Research, which raised its rating on Roku stock from Hold to Buy, anticipating stronger connected TV ad sales and improved monetization.

What percentage of Roku (ROKU) stock is held by retail investors? According to the latest TipRanks data, approximately 16.92% of Roku (ROKU) stock is held by retail investors. Who owns the most shares of Roku (ROKU)? VANGUARD INDEX FUNDS owns the most shares of Roku (ROKU).

Based on analysts offering 12 month price targets for ROKU in the last 3 months. The average price target is $75.81 with a high estimate of $105 and a low estimate of $60.

On average, 9 Wall Street analysts forecast ROKU's revenue for 2024 to be $574,010,265,232, with the lowest ROKU revenue forecast at $572,734,255,692, and the highest ROKU revenue forecast at $576,309,513,173.

ROKU implied volatility (IV) is 43.3, which is in the 11% percentile rank. This means that 11% of the time the IV was lower in the last year than the current level. The current IV (43.3) is -2.7% below its 20 day moving average (44.5) indicating implied volatility is trending lower.

The bad. While this was solid progress, there are some other underlying metrics that continue to be lackluster. One such important metric is ARPU, or average revenue per user. Roku saw its Q1 ARPU remain flat year over year at $40.65, and this number has been flattish since the end of 2021, when it was $41.03.

Key Points

Roku is known for its devices, but its the ad business that's fueling sales. Viewers continue their cord-cutting trend, and as the leader in ad-supported streaming, Roku is uniquely positioned to benefit. Roku stock is still a bargain, but it's getting more expensive.

Is ROKU stock Undervalued? ›

Since ROKU is currently undervalued, it may be a great time to increase your holdings in the stock.

While consumers continue watching streaming entertainment, ad dollars have yet to catch up. Roku is the top smart-TV operating system in the U.S., putting it in a prime position to benefit. Shares are very cheap, adding upside for long-term investors.

Analysis. Roku's total debt for fiscal years ending December 2019 to 2023 averaged 550.6 million. Roku's operated at median total debt of 521.7 million from fiscal years ending December 2019 to 2023. Looking back at the last 5 years, Roku's total debt peaked in December 2022 at 719.3 million.

Roku's results for the last quarter were better than expected, with revenue growing by 14% year-over-year to $968 million, and operating losses contracting to $71 million.

Roku's current price is $67.765. Its book value per share for the quarter that ended in Jun. 2024 was $16.52. Hence, today's PB Ratio of Roku is 4.10.

According to analysts, AMD price target is 186.81 USD with a max estimate of 250.00 USD and a min estimate of 135.00 USD.

Founded by Anthony Wood, Roku pioneered streaming to the TV. Our mission is to be the streaming platform that connects and benefits the entire TV ecosystem around the world.