I think the stock is up because we are at the trough of the advertising cycle and Netflix is proving the ad based business model is working. Netflix has had a massive rebound and streaming is getting more traction as budgets get squeezed from inflation. I think the sell off in Roku was overdone and if it doubled from here that would be a good start. Would not surprise me if Roku went to half its old high ($200-225) eventually as it recovers. Where Netflix goes Roku follows. $Roku Inc(ROKU)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments