Roku (NASDAQ: ROKU) has had a difficult three years. Shares are down 71% as of the Nov. 27 close. The communications services company was a big winner during the pandemic era, with many staying at home using the company’s streaming service. However, the 14% revenue growth last quarter is a far cry from the 81% growth it achieved in Q2 2021. The real question is whether the stock’s fall from grace is overexaggerated and if shares can make a comeback going forward.
Wall Street holds mixed views. Some see a +30% upside in the shares, while others believe the company is still overvalued. Below, I’ll dissect the company’s business and provide my ultimate take on Roku stock going forward in the intensely competitive streaming industry.
