Roku is poised to drive accelerating revenue growth — but that may not be reason enough to buy its stock.
Roku Inc. is poised to drive accelerating revenue growth — but that may not be reason enough to buy its stock.
Bazinet thinks... Roku Inc. is poised to drive accelerating revenue growth — but that may not be reason enough to buy its stock. Bazinet thinks several factors have driven the recent momentum in Roku shares. For one, he suspects bears may have closed some short positions in the name, as short interest was about 10% of the float before Roku delivered “solid” results for its latest quarter. Additionally, investors seem to sense a pattern of conservatism in the company’s outlook, as Roku has beaten its own forecasts in each of the past four quarters.
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