Is Roku Stock Still a Buy After Hitting a New 52-Week High?

Streaming company Roku (NASDAQ: ROKU) has been a hot buy of late, rallying after posting some strong quarterly results. The business is growing and its losses have been shrinking. As a result, the stock recently hit a new 52-week high and as of Monday's close, it was up more than 34% over the past 12 months. It has, however, dipped in recent days. Below, I'll look at whether it's a good buy right now.On Feb. 13, Roku reported its fourth-quarter results for the last three months of 2024. The company showed 22% net revenue growth with sales rising to just over $1.2 billion for the period. And it also drastically reduced its operating loss, from $104 million in the prior-year period to just $39 million this past quarter.The market was bullish on the news, with shares of Roku climbing as it beat expectations on both the top and bottom lines. The company plans to focus on more third-party platform integrations, which should result in more growth ahead, and that may help with getting the business back into the black. The company has battled with profitability but the good news is that it has been trending upward in recent quarters.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool