ROKU - 2 Undervalued Growth Stocks to Buy Before They Soar 71% and 1000% According to Certain Wall Street Analysts
2024-06-26 05:12:00 ET
The S&P 500 has advanced 14% in 2024. The index's strong start to the year means it has become increasingly difficult to find reasonably priced stocks. But certain Wall Street analysts see Uber Technologies (NYSE: UBER) and Roku (NASDAQ: ROKU) as undervalued.
Spoiler alert: Both price targets seem overly ambitious, but Uber and Roku still warrant consideration. Here's what investors should know.
Uber breaks its business into three segments: (1) Its mobility platform connects users with ridesharing services and other transportation; (2) its delivery platform allows consumers to order food, groceries, and alcohol from local restaurants and retailers; and (3) its freight platform connects shippers with carriers.
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2 Undervalued Growth Stocks to Buy Before They Soar 71% and 1,000%, According to Certain Wall Street Analysts