Roku Stock Forecast [2024+]: Bullish Growth Above $55

ROKU stock Forecast
Table of Contents

Explore deep insights into the Roku stock forecast for 2024-2030 (even as far back as 2023), based on a stock market calculator, chart potential and fundamental facts.

Uncover investment opportunities for Roku amid current challenges in the rapidly growing streaming industry.

In the ever-evolving landscape of the streaming industry, Roku Inc. (NASDAQ: ROKU) stands as a significant player, offering digital media players for video streaming and carving out its niche in the market.

But due to the unprecedented growth and innovation in this sector, while on one hand Roku has lived up to its promises made to investors, on the other hand it has also faced challenges due to changing market dynamics.

In this context, we will highlight the Roku stock forecast for the coming years using a stock market calculator, technical charts and fundamental analysis. Hope this post will prove useful for you.

Roku Inc. (NASDAQ: ROKU)

Roku, Inc. is an American publicly traded company based in San Jose, California, United States that manufactures a variety of digital media players for video streaming.

Roku has an advertising business and also licenses its hardware and software to other companies. (Source: Wikipedia)

Fundamentally, the company has a strong brand identity and an attractive platform for advertisers.

Roku, Inc. has made many achievements in the last seven years. Specifically in terms of the number of active user accounts and total hours of streaming.

But some events in the past had adverse impact on the company like increase in operating expenses of the company, impact of failure of SVB etc.

Currently, the company is facing disappointing financial results as well as news that Walmart (NYSE: WMT) will also enter the streaming market after acquiring Vizio (NYSE: VZIO).

Let’s take a look at the fundamentals of Roku stock, which still reigns supreme among streaming services stocks.

Technical Analysis for Roku Stock Forecast

Roku Stock Forecast
Image Source: Yahoo Finance

In contrast to the bad news of SVB’s collapse, chart analysis of Roku’s stock paints a more favorable picture.

However, on March 13, there was a dramatic decline in Roku’s share price. Thereafter, with a strong recovery, the stock closed with an inverted hammer pattern.

The share price is currently closing above $64 on April 6. The 200-day EMA ($76) is providing resistance to the stock on the daily chart.

Yet on the weekly chart the Bollinger Bands are contracting and the trend is positive. A weekly close below the 20-SMA (currently at $56) could be negative for the stock.

The MACD position on the monthly chart should be monitored. There is a possibility of positive crossover in 2-3 months.

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ROKU Stock Forecast 2023

Stock Market Calculator estimates Roku’s share price to have a volatility of 1.2307, which suggests that compared to the NASDAQ, Roku’s stock may be more volatile.

Based on past results and experience, we expect a rally in 2023 as long as the stock price remains above $52.

A Roku investment can be rounded off by placing a stop-loss slightly below $52 to protect against unexpected losses. For aggressive traders, a strict stop-loss of 42 is set up as the last line of defense.

 Target1Target2Target3Target4
above $52 UPTREND Target   54   66   92     159
below $38 DOWNTREND Target   34   27    20     11

Roku Stock Forecast 2025

Target1Target2Target3Target4
above $61 UPTREND Targets82132282--
below $38 DOWNTREND Targets29188--

Roku Stock Forecast 2026

Target1Target2Target3Target4
above $62 UPTREND Targets84135295--
below $38 DOWNTREND Targets28188--

Roku Stock Forecast 2030

Target1Target2Target3Target4
above $75 UPTREND Targets114223661--
below $38 DOWNTREND Targets25134--

ROKU Stock FAQs

What is the prediction for Roku stock?

In the longer term, Roku stock looks positive on the charts now. But it is still trading below the 50-EMA ($118). MACD crossover may also give good signals in the coming months.

It is clear from the above discussion that buying Roku stock should be considered only if it is available at or above $52 in 2023 with possible targets of 54, 66, 92 and 159.

Setting a strict stop-loss at $42 is necessary to limit the potential losses.

Calculations and mathematical ideas are used to forecast the stock market. As a result it is important to view this as a learning opportunity.

What is the stock symbol for Roku?

The stock symbol for Roku is "ROKU". It is listed on the NASDAQ stock exchange.

Is Roku stock a good buy now?

Maybe yes. As per the Roku Stock Forecast for 2023 discussed above, since the stock is trading above $52, it is currently a buy.

And a better decision would be to set a strict stop-loss just below that price ($52). Traders with a more aggressive outlook may consider a stop-loss of $40, for the full year.

When will Roku stock go up?

Although we cannot predict Roku stock with certainty, the stock has been trading in a steady uptrend since December 28, 2022.

The stock will start gaining strength once the price moves above $76 (200-day EMA).

ROKU Stock Forecast – Conclusion

In conclusion, the fundamentals of Roku stock are still not stable (though we have not discussed the fundamentals of the company in this post).

But technically we can be optimistic about Roku stock. Roku Stock Forecast 2023 technical levels need to be taken into account.

For long term investment, you can keep an eye on the formation of MACD on the chart.

After reading this post we look forward to your free comment.

Disclaimer: The opinions and calculations expressed within this post are the personal opinions of the author. The facts and opinions appearing in the post does not assume any responsibility or liability for any type of losses. Do backtesting. Author is not an expert of Stock Market. The name of the company appearing here is for educational purposes only. Please discuss with your own teacher/ market experts/fund manager/portfolio manager or advisor before making any investments or trading.

Picture of Authored By Arpi Sinha
Authored By Arpi Sinha

Arpi is an enthusiastic learner with years of experience as an investor and trader in the stock market. She is a qualified graduate housewife who is the creator of Subhamantra as well as a blogger, content writer and solopreneur. She also has a strong passion for teaching people to invest in themselves to be their own boss.

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