2024-02-13 16:29:14 ET
Summary
- Roku, Inc. is expected to report strong Q4 2023 numbers, with solid growth rates in active accounts and streaming hours.
- The video streaming platform has consistently beaten sales estimates and is projected to have strong adjusted EBITDA numbers in 2024.
- Roku stock trades at an EV of ~3x '24 sales targets.
Despite constant signs of a turnaround during 2023, Roku, Inc. ( ROKU ) continually hit roadblocks throughout the year. The video streaming service is set to report Q4 '23 numbers prior to the open on Thursday with another solid quarter forecast. My investment thesis remains Bullish on the stock trading below $100 still despite the big beats this year and attractive valuation....
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Roku: More Upside Expected After A Big Q4