2023-12-05 09:45:00 ET
Over the last several years, cutting the cord with cable providers has become trendy as people flock to streaming services . While Netflix dominates the streaming market, there are a number of other players looking to compete. Ark Invest CEO Cathie Wood , who is known for her lofty forecasts in emerging tech, is betting big on a budding streaming platform called Roku (NASDAQ: ROKU) .
According to Wood's analysis, Roku stock could reach $1,500 by 2026 -- implying 1,340% upside from current trading levels. Let's assess Wood's forecast and compare the assumptions to Roku's actual performance.
Wood is known for sharing her logic behind bullish calls. In the case of Roku, Ark Invest published a financial model to its website which breaks down the firm's assumptions behind the $1,500 price target on Roku. The model includes three cases: Downside, base, and upside. The $1,500 price target comes from Wood's upside case.
For further details see:
Cathie Wood Thinks This Streaming Stock Could Be Worth $1,500 Per Share. It Could Be Yours Today For Just $100