- **Q: What caused Roku's stock to drop on June 12?
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Stock Market / Stock News
Roku Inc. (ROKU) shares experienced a notable drop on June 12, falling to $77.604. This article examines the factors contributing to this decline and provides insights into the stock's potential future performance based on analyst estimates...
On June 12, Roku Inc. (ROKU) shares experienced a gap down, closing at $77.604. The stock's trading volume was 1,113,805 shares, which is 26.9% of its average daily volume.
Analysts' forecasts indicate an average target price of $86.17, with estimates ranging from $60.00 to $130.00. The average brokerage recommendation is 2.3, suggesting an 'Outperform' rating.
GuruFocus' GF Value estimates the stock's fair value at $91.93, providing a data-driven perspective on its potential worth. This valuation is derived from historical multiples, past business growth, and future performance estimates.
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