Down 84%, Should You Buy Roku While It's Below $90? [Yahoo! Finance]
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Source: Yahoo! Finance
investment community, Roku (NASDAQ: ROKU) shares have been on the way up in recent months, rising 52% since early August. That gain is better than the broader market indices. However, as of Dec. 18, this growth stock was still trading 84% off its all-time high, a record that was set in July 2021. Does the dip mean you should buy Roku while it's below $90 per share, a level the shares were last at in February? What the bulls think Roku offers a smart-TV operating system that allows viewers to aggregate all of their various streaming services into a single user interface. The company has been doing this since 2008. Its lead in this industry has resulted in top market share in the U.S., as well as in Canada and Mexico. Because the TV is vital to how households view video entertainment, this puts Roku in an advantageous position. In the third quarter, the company revealed that 32 billion hours of content were streamed on the Roku platform, up 20% year over year. Another bull cas
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