Roku: I Warned Investors To Flee. Now, It's Time To Return (Upgrade)

Bloomberg/Bloomberg via Getty Images In mid-December, I warned Roku, Inc. (NASDAQ:ROKU) investors that ROKU's FOMO surge wasn't sustainable as it surged into well-overvalued zones. As a result, a further valuation re-rating would have required the company to deliver significant outperformance to justify such a move. With ROKU down nearly 30% from my previous Sell article as it underperformed the S&P 500 (SPX) (SPY) significantly, I consider the thesis to have played out accordingly. So what happened that le ...