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Roku (ROKU) Stock Forecast, Price & News

$67.64
-0.23 (-0.34%)
(As of 09/27/2023 ET)
Compare
Today's Range
$67.01
$69.30
50-Day Range
$67.87
$97.49
52-Week Range
$38.26
$98.44
Volume
3.86 million shs
Average Volume
8.09 million shs
Market Capitalization
$9.57 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$82.17

Roku MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
21.5% Upside
$82.17 Price Target
Short Interest
Healthy
6.80% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.26mentions of Roku in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$1.62 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($5.08) to ($2.84) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Consumer Discretionary Sector

150th out of 277 stocks

Cable & Other Pay Television Services Industry

13th out of 22 stocks


ROKU stock logo

About Roku (NASDAQ:ROKU) Stock

Roku Inc. is an American technology company specializing in designing and manufacturing digital media players and licensing its proprietary operating system for use in smart TVs. The company was founded in 2002 and is headquartered in San Jose, California. Roku's products offer access to streaming services such as Netflix, Hulu, and Amazon Prime Video. In addition to its hardware products, Roku generates revenue from advertising and content distribution.

Roku's leadership team is headed by CEO Anthony Wood, the company's founder. Wood has over 25 years of experience in the technology industry and has been recognized for his contributions to the field. Other key management team members include CFO Steve Louden and President of Media Charlie Collier. 

Roku's revenue has been climbing yearly, with net income bouncing between small yearly gains and losses. Roku's gross profit margin has remained at approximately 30%, and the company has an aversion to long-term debt. Roku's price-to-earnings and price-to-book ratios are significantly higher than industry averages, and their metrics are high compared to industry peers. This could reflect the market's expectation of future growth for Roku.  Roku's stock price has struggled recently, with a 5-year average annual return of 18%. The stock has experienced significant volatility, with sharp price swings in response to news and market trends. 

The streaming media industry has grown rapidly in recent years, with increasing consumer trends of cutting the cord on traditional cable and satellite TV services. The number of U.S. households subscribing to a streaming TV service is expected to reach 107.5 million by the end of 2023, up from 82.7 million in 2020. The streaming market is highly competitive, with companies like Netflix, Amazon, and Disney all vying for viewership. With competitors including Apple, Amazon, and Google, Roku competes in the market's hardware and software segments. The industry is also subject to regulatory and political pressures, with ongoing debates over net neutrality and content moderation.

Roku's growth prospects are tied to the broader streaming media market, which should continue expanding in the coming years. The company has several potential growth opportunities, including expanding its international presence, launching new hardware products, and expanding advertising offerings. Roku has invested in original content, which could differentiate it from competitors. The company has also partnered with TV manufacturers to integrate its software into more devices.

Roku faces several risks and challenges, including increasing competition in the streaming media market, changes in consumer preferences, and regulatory pressures. The company's success is heavily dependent on the popularity of its platform, and the content available on it, which shifts in consumer behavior or changes in the industry could impact.

In addition, the company's advertising business is subject to regulatory scrutiny, particularly around privacy concerns and data collection. Roku has also faced pressure from content providers, who have sought to negotiate higher fees for access to their content. Any disruption in the availability of popular content on the platform could impact Roku's user engagement and revenue.

In addition, Roku faces risks related to its hardware business, which is subject to competition from more prominent and established players such as Apple and Amazon. The company's success in this segment is tied to its ability to offer innovative and competitive products at a reasonable price point. Failure to do so could result in declining sales and profitability.

Roku is also subject to macroeconomic risks, such as changes in interest rates or credit availability. The company's growth prospects could be impacted by a downturn in the economy, leading to lower advertising spending and consumer demand for its products.

ROKU Price History

ROKU Stock News Headlines

Photronics, Dominion Energy fall; Roku, Express rise, Wednesday, 9/6/2023
Stocks that are trading heavily or have substantial price changes on Wednesday: Photronics, Dominion Energy fall; Roku, Express rise
Roku to cut about 10% of its workforce as it ups quarter sales expectations and shares soar, again
Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
23 Analysts Have This to Say About Roku
Best Roku streamer 2023
ROKU's New Express 4K Bundle Launches Exclusively on Amazon
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Silicon Valley Bank was the second-largest bank in American history to fail, and investors have started piling into the safety and security of gold. But if you're not taking advantage of a little-known way to invest for around $5 today, you're missing out.
Where Will Roku Stock Be in 5 Years?
Roku: Flexing Its Platform Muscles
See More Headlines
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ROKU Company Calendar

Last Earnings
7/27/2023
Today
9/27/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Current Symbol
NASDAQ:ROKU
Fax
N/A
Employees
3,600
Year Founded
2002

Price Target and Rating

Average Stock Price Forecast
$82.17
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+20.9%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
26 Analysts

Profitability

Net Income
$-498,010,000.00
Pretax Margin
-20.34%

Debt

Sales & Book Value

Annual Sales
$3.13 billion
Book Value
$18.90 per share

Miscellaneous

Free Float
122,220,000
Market Cap
$9.62 billion
Optionable
Optionable
Beta
1.76

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Key Executives

  • Mr. Anthony J. WoodMr. Anthony J. Wood (Age 57)
    Founder, Chairman, Pres & CEO
    Comp: $1.22M
  • Mr. Mustafa OzgenMr. Mustafa Ozgen (Age 55)
    Pres of Devices
    Comp: $1.6M
  • Mr. Gidon Arieh Katz (Age 49)
    Pres of Consumer Experience
    Comp: $2.76M
  • Mr. Charlie Collier (Age 45)
    Pres of Roku Media
    Comp: $1.1M
  • Mr. Dan Jedda (Age 51)
    Chief Financial Officer
  • Mr. Scott De Haas
    Sr. VP of Product Engineering and Operations
  • Mr. Matthew C. Banks (Age 46)
    VP, Corp. Controller & Chief Accounting Officer
  • Mr. Conrad Grodd
    VP of Investor Relations
  • Mr. Stephen H. KayMr. Stephen H. Kay (Age 62)
    Sr. VP, Gen. Counsel & Sec.
  • Mr. John Kelly (Age 56)
    Sr. VP of Brand, Communications & Corp. Affairs













ROKU Stock - Frequently Asked Questions

Should I buy or sell Roku stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Roku in the last twelve months. There are currently 3 sell ratings, 13 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ROKU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROKU, but not buy additional shares or sell existing shares.
View ROKU analyst ratings
or view top-rated stocks.

What is Roku's stock price forecast for 2023?

26 equities research analysts have issued 12 month price targets for Roku's shares. Their ROKU share price forecasts range from $41.00 to $115.00. On average, they anticipate the company's stock price to reach $82.17 in the next year. This suggests a possible upside of 20.9% from the stock's current price.
View analysts price targets for ROKU
or view top-rated stocks among Wall Street analysts.

How have ROKU shares performed in 2023?

Roku's stock was trading at $40.70 at the beginning of the year. Since then, ROKU shares have increased by 67.0% and is now trading at $67.95.
View the best growth stocks for 2023 here
.

When is Roku's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ROKU earnings forecast
.

How were Roku's earnings last quarter?

Roku, Inc. (NASDAQ:ROKU) announced its quarterly earnings data on Thursday, July, 27th. The company reported ($0.76) EPS for the quarter, topping the consensus estimate of ($1.28) by $0.52. The company had revenue of $847.20 million for the quarter, compared to the consensus estimate of $774.65 million. Roku had a negative net margin of 20.54% and a negative trailing twelve-month return on equity of 25.15%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.82) EPS.

What guidance has Roku issued on next quarter's earnings?

Roku issued an update on its third quarter 2023 earnings guidance on Friday, September, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $835.00 million-$875.00 million, compared to the consensus revenue estimate of $829.19 million.

What is Anthony Wood's approval rating as Roku's CEO?

179 employees have rated Roku Chief Executive Officer Anthony Wood on Glassdoor.com. Anthony Wood has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Roku own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Roku investors own include NVIDIA (NVDA), Netflix (NFLX), Block (SQ), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Micron Technology (MU), Walt Disney (DIS), Shopify (SHOP) and PayPal (PYPL).

When did Roku IPO?

(ROKU) raised $204 million in an initial public offering on Thursday, September 28th 2017. The company issued 15,700,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley and Citigroup served as the underwriters for the IPO and Allen & Company, RBC Capital Markets, Needham & Company, Oppenheimer and William Blair were co-managers.

What is Roku's stock symbol?

Roku trades on the NASDAQ under the ticker symbol "ROKU."

Who are Roku's major shareholders?

Roku's stock is owned by many different institutional and retail investors. Top institutional investors include ARK Investment Management LLC (8.49%), Sumitomo Mitsui Trust Holdings Inc. (5.23%), BlackRock Inc. (4.60%), Baillie Gifford & Co. (2.36%), State Street Corp (1.69%) and Geode Capital Management LLC (1.32%). Insiders that own company stock include Alan S Henricks, Anthony J Wood, Anthony J Wood, Dan Jedda, Gidon Katz, Gilbert Fuchsberg, Mai Fyfield, Matthew C Banks, Matthew Zinn, Mustafa Ozgen, Scott A Rosenberg, Stephen H Kay and Steve Louden.
View institutional ownership trends
.

How do I buy shares of Roku?

Shares of ROKU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Roku's stock price today?

One share of ROKU stock can currently be purchased for approximately $67.95.

How much money does Roku make?

Roku (NASDAQ:ROKU) has a market capitalization of $9.62 billion and generates $3.13 billion in revenue each year. The company earns $-498,010,000.00 in net income (profit) each year or ($4.72) on an earnings per share basis.

How many employees does Roku have?

The company employs 3,600 workers across the globe.

How can I contact Roku?

Roku's mailing address is 1155 COLEMAN AVENUE, SAN JOS CA, 95110. The official website for the company is www.roku.com. The company can be reached via phone at (408) 556-9040 or via email at ir@roku.com.

This page (NASDAQ:ROKU) was last updated on 9/27/2023 by MarketBeat.com Staff

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