Prediction: Roku Stock Will Double This Year

The S&P 500 just finished another blowout year, highlighting how much sense it makes for investors to park some money in index-based exchange-traded funds (ETFs). The S&P 500 is often used as a proxy for the market, but it only tracks 500 companies out of thousands. It's also an average, which means any of its constituents could be performing much better, or much worse.Roku (NASDAQ: ROKU) is a popular stock and industry leader that isn't in the S&P 500, and in contrast to the market's strong performance in 2024, Roku ended the year down 19%. There were reasons for the market's negative sentiment about Roku, but they may be short-term issues. In fact, I can see a scenario where Roku stock finally overcomes the market's negativity and doubles in 2025.Roku hasn't had much trouble growing its platform recently. It went through a period of lumpiness after the pandemic accelerated its growth, but both its device and platform businesses are now growing at double-digit percentage rates. It actually got off to a great start last year before plunging. Among the reasons that the market soured on Roku in 2024 were:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool