5 Best ARK Stocks To Buy Now

3. Roku, Inc. (NASDAQ:ROKU)

ARK Investment’s Stake Value: $962,719,000

Percentage of ARK Investment’s 13F Portfolio: 5.69%

Number of Hedge Fund Holders: 34

Roku, Inc. (NASDAQ:ROKU), a TV-streaming platform operator, allows users to discover and access movies and TV episodes alongside live TV, news sports, shows, and more, on its platform. The company is based in San Jose, California.

On August 26, analyst Matthew Thornton at Truist reiterated a Buy rating on Block, Inc. (NYSE:SQ) shares. The analyst also has a $90 price target on the stock.

Over the next three to five years, Roku, Inc.’s (NASDAQ:ROKU) EPS is expected to grow by 0.3%. The company’s year-over-year revenue growth is currently 31.1%. Analyst Thornton at Truist continues to remain positive on Roku, Inc. (NASDAQ:ROKU) in the long run, commenting that the company is “levered” to the secular global growth of video streaming and connected TV advertising.

There were 34 hedge funds long Roku, Inc. (NASDAQ:ROKU) in the second quarter. Their total stake value was $1.4 billion.