Similar to my recent NFLX analysis, this shows 1, 2, 3+ pattern of growth!...
Please see that most of the MAJOR jumps/falls occur around ER's... this is a relatively newer chart to perform such "long-term" analysis on, but to suggest the following isn't too farfetched...
Granted, ROKU has had incredible int'l growth, and it has increased revenue streams tremendously! Expecting high valuation pre-buyout...
AVG PRICE TARGET: $135
LOW PRICE TARGET: $120
HIGH PRICE TARGET: $147
... it could be a bumpier road, but I'd expect ROKU to pass $135 PT by year's end... likely, imo (mostly bc of buyout potential), this will surge through $147 PT (or at least through 2-3 more levels by year's end (or until buyout)... shareholders will then likely cash-out, it will experience larger correction (hopefully "full correction"), and then continue pattern... should this happen, this would likely be 3-5 Point 1's in a row... meaning, plenty of time for sideways trading, and buffering between big support/resistance gaps... depending on how high it surges, it could mean that larger 30-40% corrections could happen down the road... would be better long-term for this to move slowly, but it does make sense for short-term/mid-term surge for the purposes mentioned above... and then, when the global economy is ready for a major correction/recession, ROKU will then have that priced in already... who knows, (purely spectacle comment coming...) ROKU could surge to $200-300+ and then experience extreme correction, like NFLX June/July 2018... experience similar sideways trading (as just mentioned above)...
The point I'm trying to make here... ROKU should (BETTER!) fall below $90 again by September 2019... hopefully (early) this upcoming week -- possibly with shareholders cashing out for some profits pre-NFLX ER, and then hopping back in once this "full" correction has been made, eagerly shooting ROKU stock back to $105+ pre-ER, then $120+ post-ER... SHORT-TERM: BEARISH, MID-TERM/LONG-TERM: BULLISH
Let me know what you think!
Please see that most of the MAJOR jumps/falls occur around ER's... this is a relatively newer chart to perform such "long-term" analysis on, but to suggest the following isn't too farfetched...
Granted, ROKU has had incredible int'l growth, and it has increased revenue streams tremendously! Expecting high valuation pre-buyout...
AVG PRICE TARGET: $135
LOW PRICE TARGET: $120
HIGH PRICE TARGET: $147
... it could be a bumpier road, but I'd expect ROKU to pass $135 PT by year's end... likely, imo (mostly bc of buyout potential), this will surge through $147 PT (or at least through 2-3 more levels by year's end (or until buyout)... shareholders will then likely cash-out, it will experience larger correction (hopefully "full correction"), and then continue pattern... should this happen, this would likely be 3-5 Point 1's in a row... meaning, plenty of time for sideways trading, and buffering between big support/resistance gaps... depending on how high it surges, it could mean that larger 30-40% corrections could happen down the road... would be better long-term for this to move slowly, but it does make sense for short-term/mid-term surge for the purposes mentioned above... and then, when the global economy is ready for a major correction/recession, ROKU will then have that priced in already... who knows, (purely spectacle comment coming...) ROKU could surge to $200-300+ and then experience extreme correction, like NFLX June/July 2018... experience similar sideways trading (as just mentioned above)...
The point I'm trying to make here... ROKU should (BETTER!) fall below $90 again by September 2019... hopefully (early) this upcoming week -- possibly with shareholders cashing out for some profits pre-NFLX ER, and then hopping back in once this "full" correction has been made, eagerly shooting ROKU stock back to $105+ pre-ER, then $120+ post-ER... SHORT-TERM: BEARISH, MID-TERM/LONG-TERM: BULLISH
Let me know what you think!