As of April 3, 2025, the current stock price of Roku (ROKU) is $72.49, which is a decline of 4.68% from its previous closing price of $76.05 on March 28, 2025[1]. This recent drop has led to a three-day losing streak for the stock, with the price fluctuating between $72.44 and $76.69 during the last trading day.
The trading volume on the last day increased by 1 million shares, but the stock price fell, which could be an early warning sign of increased risk over the next couple of days. Despite this, the stock has shown resilience, rising in 6 out of the last 10 days and increasing by 6.95% over the past two weeks[1].
Roku's stock performance is also influenced by its technical analysis. The stock is currently in a wide and falling trend, which may pose a good buying opportunity if the lower trend floor at $66.92 is not broken. However, if this level is breached, it could indicate a stronger downward trend. The short-term forecast suggests a potential fall of 3.27% over the next three months, with a price range between $64.73 and $94.28[1].
In terms of recent news and announcements, there have been no significant updates that directly impact the stock price. However, the company's quarterly earnings results were announced on February 13, 2025, where it reported a loss of $0.24 per share, beating the consensus estimate of a loss of $0.44 per share. The company's revenue for the quarter was $1.20 billion, surpassing the estimated $1.15 billion[5].
Major analyst updates have also been noted. FBN Securities initiated coverage with an "outperform" rating and a price target of $93.00, while UBS Group upgraded Roku from a "hold" rating to a "strong-buy" rating. Compass Point also began coverage with a "buy" rating, and Jefferies Financial Group upgraded the stock from an "underperform" rating to a "hold" rating with a raised price objective from $55.00 to $100.00. These positive analyst updates could potentially boost investor confidence in the stock[5].
Overall, while Roku's stock price has experienced a recent decline, its long-term prospects remain promising. The company's strong revenue performance and positive analyst updates suggest that it could continue to grow in the future. However, investors should remain cautious given the current short-term downward trend and increased trading volume on falling prices.
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