Roku as a Top Pick Backed by Strong Earnings

about 2 months ago

Paul Sweeney

"Roku? The tickers ro shares are up more than 15%. That's the highest since April 2022 if you go to since sO. And that comes after the company reported earnings that really beat expectations. It also marked the company's first quarter with positive operating income since 2021. And of course, Wall Street is positive across the board. Bloomberg Intelligence said that results are good, although not gang busters. Benchmark said that this is also a good earnings report. Their only concern is that they've consistently had and will have expectations that are a little too far ahead from reality, but for now it's good. So, I'll tell you what, shout out to Laura Martin at Needam and Company. She's been pounding the table on this name for a couple years. Um, this has been like our top pick and she's been so right on that name."

Roku is highlighted as a top pick following a strong earnings report that beat expectations, marking a turnaround with positive operating income and solid analyst sentiment despite minor concerns about over-optimism in future expectations.

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