Down 89%, Is It Time to Buy the Dip on This Growth Stock?

Investors can find compelling opportunities in beaten-down stocks. The Nasdaq Composite's double-digit rally since the start of 2024 has been a wonderful development for investors. But not all businesses have been so fortunate to see meaningful gains. Look at streaming platform operator Roku (ROKU -1.16%). Despite being a beneficiary of a new trend in the media landscape, shares are down 41% this year and 89% off their 2021 peak price. Is it time to buy the dip on this once beloved growth stock? Improving e ...