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Top-Rated Stocks: Roku Sees Composite Rating Climb To 96

Roku (ROKU) saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 92 to 96. The online streaming platform has a 95 Relative Strength Rating.

The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.

Roku is currently forming a cup without handle, with a 486.82 buy point. See if the stock can break out in volume at least 40% higher than normal. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 


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One weak spot is the company’s 69 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

The online streaming platform posted 220% earnings-per-share growth for Q1. Top line growth climbed 79%, up from 58% in the prior report. That marks one quarter of rising revenue increases.

Roku stock earns the No. 1 rank among its peers in the Leisure-Movies & Related industry group. Netflix (NFLX) and Avid Technology (AVID) are also among the group’s highest-rated stocks.

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