Throughout a tumultuous 2020, Roku was one of a handful of companies that bucked the broader trend and saw its stock appreciate in value. As people spent most of their time at home, Roku surged nearly 150% last year, far exceeding the S&P 500’s gain of 16%.
Then after more than a year, COVID-19 restrictions were beginning to ease as vaccination rates ratcheted higher. During the first half of Q2, it appeared as if the world was on the reopening fast track, and that put some pressure on previous COVID beneficiaries, including streaming-centric companies Roku and Netflix. So far in 2021, Roku stock is up a modest 12%, trailing the broader market’s 22% gain.
Variety Intelligence Platform Media Analyst and Correspondent Heidi Chung breaks down why investors should be giving Roku more love.