From Yahoo Finance: 2025-03-31 10:15:00

Roku is a leading streaming platform in North America, maintaining market share against big tech competitors like Amazon and Apple. Despite consistent revenue growth, the stock has underperformed, failing to convert growth into profits. Bank of America analyst Brent Navon has reinstated coverage with a buy rating and $100 price target, predicting a new phase of operational growth.

Roku’s stock has fluctuated after its earnings report, showing progress towards profitability. The company grew streaming households by 12% to 89.8 million and streaming hours by 18% to 34.1 billion. Revenue increased by 22% to $1.2 billion, supported by political advertising. Investors may be growing impatient, but Roku is on track for growth and profitability.

“Double Down” stock recommendations from analysts highlight opportunities for significant returns. Past recommendations for companies like Nvidia, Apple, and Netflix have shown substantial growth. Current alerts for three companies suggest potential for future success.

The Motley Fool’s board includes executives from Alphabet and Amazon. Bank of America is an advertising partner. Author Jeremy Bowman holds positions in Amazon, Bank of America, Netflix, and Roku. The Motley Fool discloses positions in and recommends Alphabet, Amazon, Apple, Bank of America, Netflix, and Roku.

Bank of America analyst Brent Navon predicts Roku’s stock will reach $100, indicating a 28% upside potential. The company’s growth and progress towards profitability are promising signs for investors looking for long-term success in the streaming platform industry.

Read more: 1 Wall Street Analyst Thinks Roku Is Going to $100. Is It a Buy Around $78?