Is Roku Stock a Buy Now?

Is Roku Stock a Buy Now?

Technology stocks have been hammered over the past year and Roku (NASDAQ: ROKU) is no exception. The video-streaming platform's stock is down 77% in 2022 and a recent pullback in digital advertising spending wreaked havoc on the company in the third quarter. In Roku's third quarter (ended Sept. 30), the company's total sales increased by just 12% to $761.4 million and were down from $764.4 million in the previous quarter.