On July 7, Cathie Wood's Ark Invest published research about connected-TV platform company Roku (NASDAQ: ROKU), explaining why it believed the stock could reach $605 per share by 2026. This price was based on a series of assumptions Ark Invest has about Roku's underlying business. On July 28, just three weeks later, Roku announced financial results for the second quarter of 2022, which contradicted Ark Invest's fundamental assumptions. Read More...
On July 7, Cathie Wood’s Ark Invest published research about connected-TV platform company Roku (NASDAQ: ROKU), explaining why it believed the stock could reach $605 per share by 2026. This price was based on a series of assumptions Ark Invest has about Roku’s underlying business. On July 28, just three weeks later, Roku announced financial results for the second quarter of 2022, which contradicted Ark Invest’s fundamental assumptions.
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