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Is It Really Time to Give Up on Roku Stock?
ROKURoku(ROKU) The Motley Fool·2024-01-23 10:10

Roku (ROKU 1.60%) is arguably one of the more frustrating stocks for investors. After reaching a high of over 490pershareinthe2021bullmarket,nearlyallofthestock′sgainswerewipedoutinthesubsequentbearmarket.Investorssawsomerecoveryin2023asRoku′sstockpricemorethandoubledfromtheDecember2022lowof490 per share in the 2021 bull market, nearly all of the stock's gains were wiped out in the subsequent bear market.Investors saw some recovery in 2023 as Roku's stock price more than doubled from the December 2022 low of 38.26 per share. But the stock still trades 83% below its all-time high at a time when other digital advertising-related tech stocks have shown more robust signs of recovery. Als ...