Published on 1 Jun 2024 on Motley Fool via Yahoo Finance
1 Growth Stock Down 88% to Buy Right Now
There are no two ways about it -- Roku (NASDAQ: ROKU) stock has been tough to own for a while now. Although the company's past two reported quarters both had their bright spots, shares are down more than 40% over the past six months thanks to investor disappointment tied to those results.
Walmart's February announcement that it wants to acquire Roku's connected-TV rival Vizio didn't help any either. It implies that the retailer wants to dive deeper into the streaming business for itself. With this recent weakness, Roku stock now sits 88% below its pandemic-prompted high in 2021.