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NVDA   208.45 (-0.46%)
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GE   10.83 (-0.73%)
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S&P 500   3,110.70 (-0.07%)
DOW   27,609.63 (-0.15%)
QQQ   202.31 (-0.06%)
AAPL   263.96 (+0.85%)
FB   198.70 (+-0.01%)
MSFT   149.91 (+0.04%)
GOOGL   1,317.53 (-0.11%)
AMZN   1,747.14 (-0.77%)
CGC   18.71 (+1.80%)
NVDA   208.45 (-0.46%)
MU   46.46 (+0.35%)
BABA   198.92 (+2.67%)
GE   10.83 (-0.73%)
TSLA   330.40 (-0.79%)
T   38.29 (+0.50%)
AMD   39.90 (+0.53%)
ACB   2.48 (+0.00%)
NFLX   301.12 (-1.05%)
BAC   33.06 (-0.27%)
GILD   65.87 (-1.32%)
DIS   147.78 (-0.34%)
S&P 500   3,110.70 (-0.07%)
DOW   27,609.63 (-0.15%)
QQQ   202.31 (-0.06%)
AAPL   263.96 (+0.85%)
FB   198.70 (+-0.01%)
MSFT   149.91 (+0.04%)
GOOGL   1,317.53 (-0.11%)
AMZN   1,747.14 (-0.77%)
CGC   18.71 (+1.80%)
NVDA   208.45 (-0.46%)
MU   46.46 (+0.35%)
BABA   198.92 (+2.67%)
GE   10.83 (-0.73%)
TSLA   330.40 (-0.79%)
T   38.29 (+0.50%)
AMD   39.90 (+0.53%)
ACB   2.48 (+0.00%)
NFLX   301.12 (-1.05%)
BAC   33.06 (-0.27%)
GILD   65.87 (-1.32%)
DIS   147.78 (-0.34%)
S&P 500   3,110.70 (-0.07%)
DOW   27,609.63 (-0.15%)
QQQ   202.31 (-0.06%)
AAPL   263.96 (+0.85%)
FB   198.70 (+-0.01%)
MSFT   149.91 (+0.04%)
GOOGL   1,317.53 (-0.11%)
AMZN   1,747.14 (-0.77%)
CGC   18.71 (+1.80%)
NVDA   208.45 (-0.46%)
MU   46.46 (+0.35%)
BABA   198.92 (+2.67%)
GE   10.83 (-0.73%)
TSLA   330.40 (-0.79%)
T   38.29 (+0.50%)
AMD   39.90 (+0.53%)
ACB   2.48 (+0.00%)
NFLX   301.12 (-1.05%)
BAC   33.06 (-0.27%)
GILD   65.87 (-1.32%)
DIS   147.78 (-0.34%)
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7 Technology Stocks That Will Lead the Sector Going Forward in 2019 - 4 of 8

 
#3 - Roku (NASDAQ:ROKU)

Roku logo

Roku (NASDAQ: ROKU) - Roku’s stock is on a tear, climbing nearly 50% in 2019. This has been par for the course for Roku which has given investors more than its share of ups and downs since its initial IPO in 2017. However, the latest surge for Roku started to take shape after their third-quarter earnings were released in 2018. Despite a stellar report, their shares dropped and analysts predicted that shares would continue to decline under the weight of increased expectations. Then Roku did something the market didn’t expect, they beat expectations again. But while that tells you what happened, the real story is understanding why it happened. Simply put, analysts have stopped viewing Roku as simply a player provider (the Roku stick, etc.) which is a commodity – and started seeing its growth as a platform provider. Although the company stood up to competitors like Apple, Amazon and Google – and they continue to show growth in that area - relying on hardware means tight margins and lower profit potential. What the latest earnings report illustrates is that Roku has become a platform provider with subscription revenue and ad revenue – which are the kind of things that boost profits and make investors giddy.  Although there are threats to Roku’s platform service (Disney’s acquisition of Fox being the latest), analysts are projecting a 2 percent growth in revenue in 2019.



About Roku
Roku, Inc. operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts. It also provides advertising products, including videos ads, brand sponsorships, and audience marketplace program; and manufactures, sells, and licenses TVs under the Roku TV name. In addition, the company offers streaming media players and accessories under the Roku brand name; and sells branded channel buttons on remote controls. It provides its products and services through retailers and distributors, as well as directly to customers through its Website in the United States, Canada, the United Kingdom, France, the Republic of Ireland, Mexico, and various Latin American countries. The company was founded in 2002 and is headquartered in Los Gatos, California.

Current Price: $150.40
Consensus Rating: Buy
Ratings Breakdown: 14 Buy Ratings, 2 Hold Ratings, 4 Sell Ratings.
Consensus Price Target: $127.56 (-15.2% Upside)



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