ROKU Stock Recent News

The tech sector is up 12% year-to-date and a remarkable 48% over the past 12 months, powering the broader markets. Particularly, the semiconductor industry is growing, with Nvidia (NASDAQ: NVDA ) leading the charge; its stock is up around three-fourths this year.

Roku has been feeling the impact of inflation on its ad-based platform business. Viewers continue to switch from traditional TV to streaming at high rates.

While analysts see some upside for Roku and Salesforce, investors should never fixate on short-term price targets. Roku OS is the top-selling TV operating system in the U.S., Canada, and Mexico.

Recently, Zacks.com users have been paying close attention to Roku (ROKU). This makes it worthwhile to examine what the stock has in store.

With Nasdaq stocks to sell, speculative stocks in fast-growing industries like artificial intelligence, crypto mining, and electric vehicles may be what first comes to mind. However, while there are stocks in these industries well worth pressing the “sell” button on, it's important to note the Nasdaq Exchange, while associated strongly with growth stocks and tech stocks, has listings for a wide variety of stocks.

Roku (ROKU) concluded the recent trading session at $64.13, signifying a -0.43% move from its prior day's close.

Roku, originally a Netflix subsidiary, has carved out its own niche in the streaming world. SoundHound AI leverages advanced AI for voice control, serving a wide range of industries.

Roku benefits from a powerful secular tailwind in streaming. It has the most popular smart-TV operating system in the U.S. As digital ad spending shifts to connected TV, Roku will gain.

Ark Invest bought shares of Palantir, Toast, and Roku on Thursday. Cathie Wood typically adds to her sinking positions, but Palantir and Toast hit new recent highs on Thursday.

In the latest trading session, Roku (ROKU) closed at $62.67, marking a -0.19% move from the previous day.