Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people achieve financial freedom through our website, podcasts and books, newspaper column, radio show and high-end investment services
We spend a lot of time streaming entertainment on our TV these days, and for many of us, Roku (NASDAQ: ROKU) has become the gateway to a lingering commitment to The Video Pioneer. Streaming released another booming financial performance after the market closed on Thursday, and at least one analyst believes the cap is now higher for the stock’s trajectory
Benchmark’s Daniel Kurnos drops his Roku price target from $ 410 to what is now a high of $ 600 He was bullish before He naturally sticks to his buy rating on stocks now Despite the Somewhat cautious advice from Roku on how 2021 will play out, Kurnos believes that Roku’s strong momentum and tendency to offer a conservative outlook will continue to make the stock a winning investment. Its new price target translates into a 32% increase from Thursday’s close
Roku ended the year with 512 million active accounts, 52 million more than just three months ago and a 39% explosion in the past year. The jaw-dropping metric is that platform revenues more than doubled this pace, up 81% We’re streaming more per Roku user The 17 billion hours spent on the platform in Q4 is 55% higher than the time we spent rocking the Roku remote during the vacation quarter of the previous year Roku is also improving in monetizing its captive audience, with average revenue per user up 24% in the past year
Total revenues climbed 58% more modestly in the quarter, but it was the work of slower growth in player revenues that held back overall results with a gain of just 18%. is a seasonal thing Roku players are popular holiday giveaways, and as a result, we’ve seen total revenue accelerate between Q4 and Q1 every year since the company’s IPO in 2017
Roku’s own advice called for top-tier results to climb to around 40%, and the most hungry analysts were targeting a 49% increase of 6% Roku’s 58% revenue explosion naturally leaves all those prognosis in the dust
“Analysts see a small loss for the quarter,” I wrote earlier this week, predicting Roku’s performance. “Roku surprised the market with a profit last time around, but it’s dangerous to bet on a repeated performance “
Why, hello, repeat performance Roku net income was positive for the fourth quarter, reaching $ 0 49 a share
Expectations were high ahead of Thursday’s earnings release The stock has more than doubled since its third quarter report Seems to have earned every one of those hikes Roku has earned the right to be considered among elite media stocks He’s a creator of taste He’s a leader in a booming market that’s becoming even more popular even now when we’re no longer captive at home during the early stages of a pandemic There’s no point in betting against Roku now Momentum has grabbed the remote, and it’s there to channel the surf
Market data provided by FactSet and Web Financial Group
Roku Stock
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people achieve financial freedom through our website, podcasts and books, newspaper column, radio show and high-end investment services
We spend a lot of time streaming entertainment on our TV these days, and for many of us, Roku (NASDAQ: ROKU) has become the gateway to a lingering commitment to The Video Pioneer. Streaming released another booming financial performance after the market closed on Thursday, and at least one analyst believes the cap is now higher for the stock’s trajectory
Benchmark’s Daniel Kurnos drops his Roku price target from $ 410 to what is now a high of $ 600 He was bullish before He naturally sticks to his buy rating on stocks now Despite the Somewhat cautious advice from Roku on how 2021 will play out, Kurnos believes that Roku’s strong momentum and tendency to offer a conservative outlook will continue to make the stock a winning investment. Its new price target translates into a 32% increase from Thursday’s close
Roku ended the year with 512 million active accounts, 52 million more than just three months ago and a 39% explosion in the past year. The jaw-dropping metric is that platform revenues more than doubled this pace, up 81% We’re streaming more per Roku user The 17 billion hours spent on the platform in Q4 is 55% higher than the time we spent rocking the Roku remote during the vacation quarter of the previous year Roku is also improving in monetizing its captive audience, with average revenue per user up 24% in the past year
Total revenues climbed 58% more modestly in the quarter, but it was the work of slower growth in player revenues that held back overall results with a gain of just 18%. is a seasonal thing Roku players are popular holiday giveaways, and as a result, we’ve seen total revenue accelerate between Q4 and Q1 every year since the company’s IPO in 2017
Roku’s own advice called for top-tier results to climb to around 40%, and the most hungry analysts were targeting a 49% increase of 6% Roku’s 58% revenue explosion naturally leaves all those prognosis in the dust
“Analysts see a small loss for the quarter,” I wrote earlier this week, predicting Roku’s performance. “Roku surprised the market with a profit last time around, but it’s dangerous to bet on a repeated performance “
Why, hello, repeat performance Roku net income was positive for the fourth quarter, reaching $ 0 49 a share
Expectations were high ahead of Thursday’s earnings release The stock has more than doubled since its third quarter report Seems to have earned every one of those hikes Roku has earned the right to be considered among elite media stocks He’s a creator of taste He’s a leader in a booming market that’s becoming even more popular even now when we’re no longer captive at home during the early stages of a pandemic There’s no point in betting against Roku now Momentum has grabbed the remote, and it’s there to channel the surf
Market data provided by FactSet and Web Financial Group
Roku Stock
Ebene News – CA – Roku Stock: Next stop, $ 600? | The motley madman
Source: https://www.fool.com/investing/2021/02/19/roku-stock-next-stop-600/