ROKU Should I Buy
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Roku Inc (ROKU) is not a strong buy at the moment for a long-term beginner investor. The stock is currently trading below the announced acquisition price of $160 per share due to negative market sentiment and a drop in Fox's stock price. While the technical indicators show a bullish trend, the lack of significant positive catalysts, coupled with hedge funds selling and no recent congress trading data, suggests holding the stock rather than buying it now.
The MACD histogram is positive at 1.124 and contracting, indicating a bullish trend. The RSI_6 is neutral at 64.465. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key support is at 118.391, and resistance is at 144.275. The stock is trading close to its pivot point of 131.333.
The acquisition by Fox Corp. at $160 per share in cash and stock provides a potential upside if the deal closes successfully. Analysts believe the $160 price is reasonable and possibly beatable.
The acquisition deal value has dropped to approximately $145.75 due to a decline in Fox's stock price. Hedge funds are selling heavily, with a 494.34% increase in selling activity over the last quarter. Market sentiment around the acquisition is negative, with the stock trading below $140 despite the buyout price.
No financial data available for analysis.
Analysts are mixed following the Fox acquisition announcement. Many firms downgraded the stock to Neutral or Hold, citing the acquisition price as a cap on upside potential. Price targets range from $155 to $160, aligning with the acquisition price.
