Roku Stock Is Skyrocketing: 2 Reasons to Buy, 1 Reason to Sell

By Jason Hall and Jeff Santoro – Aug 10, 2023 at 7:30AM

NASDAQ: ROKU

Roku

Market Cap

$8B

Today's Change

(2.55%) $1.47

Current Price

$59.13

Price as of May 1, 2024, 4:00 p.m. ET

Some user metrics are looking better, but questions about durable competitive advantages remain.

Shares of Roku (ROKU 2.55%) skyrocketed after earnings, with the company beating -- admittedly very low -- expectations. Is it a buy? In this video, Motley Fool contributors Jason Hall and Jeff Santoro discuss what's working for Roku, and what's not looking so great.

*Stock prices used were from the afternoon of Aug. 7, 2023. The video was published on Aug. 13, 2023.

Jason Hall has no position in any of the stocks mentioned. Jeff Santoro has positions in Roku. The Motley Fool has positions in and recommends Roku. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.