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Roku stock is up 9% after the company reported Q2 earnings. Is the stock a buy right now?
In this video, I will go over Roku's (ROKU -10.29%) second-quarter earnings report. The company reported a beat on top and bottom lines while also beating its own guidance by a wide margin. The stock is up over 60% this year alone, but a rebound in ad spending could send this stock to greater heights.
*Stock prices used were from the trading day of July 27, 2023. The video was published on July 27, 2023.
Neil Rozenbaum has positions in Roku and Intel. The Motley Fool has positions in and recommends Roku. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel and long January 2025 $45 calls on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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