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Down 88%, Will Roku Ever Hit All-Time Highs Again?

Roku was one of the biggest winners of the pandemic years but has fallen quite a bit since then.

By Matt Frankel, CFP and Rick Munarriz – Jul 31, 2024 at 6:11AM EST

Streaming platform provider Roku (ROKU +2.66%) was one of the biggest winners of the early COVID-19 pandemic days, with shares reaching nearly $500 at the peak. However, the stock is now down by about 88% from the highs, and many investors are wondering if it will ever see those levels again. Here's what two Fool.com contributors have to say about it.

*Stock prices used were the morning prices of July 23, 2024. The video was published on July 25, 2024.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Matt Frankel has no position in any of the stocks mentioned. Rick Munarriz has positions in Roku. The Motley Fool has positions in and recommends Roku. The Motley Fool has a disclosure policy. Matthew Frankel 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.

Stocks Mentioned

Roku Stock Quote
Roku
NASDAQ: ROKU
$102.70
(+2.66%)+$2.66

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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