ROKU - 1 Growth Stock Down 29% to Buy Right Now
2024-04-02 09:05:00 ET
If you're a growth investor, you're likely struggling to find compelling deals in this market. The S&P 500 is up 10% so far in 2024 after having soared last year, and that rally has been even more pronounced in the high-growth tech space.
Many stocks that had been pummeled in 2022 are rebounding now that Wall Street is feeling better about the prospects for the economy and interest rate trends. But Roku (NASDAQ: ROKU) has been left out of that recovery. The streaming stock is down nearly 30% year to date.
Don't let that slump scare you away from this attractive business. Sure, Roku isn't nearly as established as Netflix (NASDAQ: NFLX) , which is generating ample cash flow and excellent profits right now. In contrast, Roku recently announced a second straight year of net losses in 2023.
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1 Growth Stock Down 29% to Buy Right Now