2024-05-31 11:34:27 ET
Summary
- Roku, Inc. reported strong growth in streaming households and streaming hours, but ARPU remains flat.
- The streaming market still has significant growth potential as cord-cutting continues and cable TV subscribers decline.
- Roku stock trades below 2x EV/S targets for an exceptionally cheap valuation.
Roku, Inc. ( ROKU ) had reported a string of strong quarters with quarterly results smashing estimates, yet the stock trades right back at the lows. The video streaming platform is poised for strong growth in the year ahead due to market dynamics and internal growth opportunities. My investment thesis remains ultra-Bullish on the stock, with the market just ignoring the opportunity here....
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Roku: Priced For A Disaster