JDP Capital Management’s Updates on Roku (ROKU)
From Yahoo Finance: 2025-04-01 08:17:00
JDP Capital Management had a successful 2024, with a 47.9% total return for investors, outperforming the S&P 500. The fund’s fourth quarter gain was 10.4%. The investor letter highlights Roku, Inc. (NASDAQ: ROKU), a TV streaming platform, which gained 12.08% over the last 52 weeks and closed at $70.44 per share on March 31, 2025.
In its Q4 2024 investor letter, JDP Capital Management praised Roku, Inc. (NASDAQ: ROKU) for its potential. The stock closed at $77.38 per share in 2024, showing an undervalued status. The company has no debt, an enterprise value of $9 billion, and trades for a little over 2x estimated 2025 platform revenue.
Roku, Inc. (NASDAQ: ROKU) is not among the 30 most popular stocks among hedge funds. While 37 hedge fund portfolios held the stock at the end of Q4 2024, JDP Capital Management believes AI stocks offer greater promise for higher returns. They recommend exploring AI stocks like NVIDIA for potential investment opportunities.