Roku Stock Drops After Earnings: An Opportunity?

By Neil Rozenbaum – Apr 27, 2024 at 10:00AM

NASDAQ: ROKU

Roku

Market Cap

$9B

Today's Change

(-3.87%) -$2.33

Current Price

$57.91

Price as of May 10, 2024, 4:00 p.m. ET

Roku reported a double beat, but that wasn't enough. Is it a buy right now?

In this video, I will go over Roku's (ROKU -3.87%) first-quarter earnings report, which was better than what the stock's reaction might suggest. Is this an opportunity to make money in the long run?

*Stock prices used were from the trading day of April 25, 2024. The video was published on April 26, 2024.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roku. 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.