Shares of Roku Inc (ROKU) saw a decline of 3.57% during mid-day trading on June 12, hitting an intraday low of $77.58 before slightly recovering to close at $77.60. This marks a significant decrease from the previous close of $80.48 and positions Roku 26.06% lower than its 52-week high of $104.96, while remaining 60.57% above its 52-week low of $48.33. The trading volume reached 1,113,805 shares, making up 26.9% of the average daily volume of 4,141,025 shares.
Looking ahead, Wall Street analysts maintain a positive outlook for Roku Inc. Based on the one-year price targets from 28 analysts, the average target price is set at $86.17, implying an upside potential of 11.04% from the current price. The forecasts vary, with a high estimate of $130.00 and a low estimate of $60.00.
The consensus recommendation among 34 brokerage firms provides Roku with a brokerage rating of 2.3, indicating an “Outperform” status on a scale where 1 is a Strong Buy and 5 is a Sell.
According to GuruFocus estimates, Roku’s projected fair value (GF Value) for the next year is $91.93, suggesting a potential upside of 18.46% from the present price level of $77.60. This value is derived from historical trading multiples, past business growth, and future performance forecasts, emphasizing the potential for recovery and growth in Roku’s stock performance.
Overall, despite the recent decline, analyst projections suggest optimism toward Roku’s stock value in the coming year, highlighting an opportunity for investors who are looking for growth in undervalued stocks.