2024-04-16 15:06:25 ET
Summary
- Roku's growth and profitability are bouncing back, but immediate prospects could be hampered by pricing pressure and soft M&E spend.
- Roku's low valuation and improving fundamentals should see the stock move higher in the long term.
- Roku still needs to demonstrate that it can build a successful business internationally and return to efficient growth.
After a difficult multi-year period, Roku, Inc.'s ( ROKU ) growth and profitability are beginning to bounce back. It's difficult to get excited about the company's immediate prospects though as Roku is currently spending a lot to grow a little. Some of this has been the result of a post-pandemic hangover, but the competitive environment also appears to be tough....
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Roku: Efficiency Remains A Concern