Roku Inc Stock Discussion

$Roku Inc(ROKU.US)$
Needs to stay above that 60.98 weekly support area to continue to 64.6/65.45. There is a supply zone around 64.98/65.36 to watch out for.

$Roku Inc(ROKU.US)$
Key Metrics
Roku's performance metrics are strong. In the first quarter of 2024, revenue jumped 19% year-over-year, following an 11% increase in 2023. The user base grew to 81.6 million active accounts, a 14% rise from the previous year. Engagement remains high, with 30.8 billion hours of content watched in Q1. Although average revenue per user dropped to $40.65, it appears to be stabilizing.
Industry Position
Roku is well-...

Global ad spending growth is expected to accelerate to 7.8% YoY this year to just under $1 trillion, according to Group M, which boosted its annual forecast growth by 280 bp on strength in China and the US.
$Alphabet-C(GOOG.US)$ $Meta Platforms(META.US)$ $Amazon(AMZN.US)$ $The Trade Desk(TTD.US)$ $Roku Inc(ROKU.US)$

$Roku Inc(ROKU.US)$ facing bankrupcy

Cathie Wood’s Ark Invest may be in a slump, but some stocks may be worth a second look.
Coinbase (COIN): There’s a new captain of the Ark. 
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Roku (ROKU): The streaming play may gain an edge. $Roku Inc(ROKU.US)$
Teledoc (TDOC): The fallen telehealth company is teaming up with tech heavyweights.
$Teladoc Health(TDOC.US)$
Cathie Wood stocks may not have as many fans today as when Wood’s Ark Invest funds were putting the markets t...

Been bouncing around in this range for a few days now. Needs to get over 59.83 to move back up. Support at 56.26 was backtested and held a few days ago.
Larger Image: tradingview.com...
$Roku Inc(ROKU.US)$

Disclaimer:
Any analysis provided is merely an opinion and not a fact. Please use it for reference only.
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