Cathie Wood’s Stock Portfolio: 2025 Stock Picks

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2. Roku, Inc. (NASDAQ:ROKU)

ARK Investment Management’s Q3 Stake Value: $837.8 million

Number of Hedge Fund Holders: 40

Founded in 2002, Roku, Inc. (NASDAQ:ROKU) is a publicly traded American firm that specializes in smart TVs and streaming gadgets. The company licenses its streaming technology to other manufacturers and runs an advertising campaign via its streaming network.

Roku Inc. (NASDAQ:ROKU) posted excellent fiscal third-quarter 2024 results, exceeding $1 billion in total net sales for the first time. In fiscal Q3 2024, its entire net sales were $1.06 billion, up 16% year over year. This growth was attributed to advertising and the proliferation of streaming services.

On February 3, JMP Securities upheld its Market Outperform rating and set a steady price target of $95 for Roku Inc. (NASDAQ:ROKU), highlighting the company’s ongoing supremacy as the top streaming service in the U.S. According to JMP Securities, Roku’s market position remains solid, despite minor monthly fluctuations.

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