Cathie Wood’s Stock Portfolio: Top 5 Stock Picks For 2023

2. Roku, Inc. (NASDAQ:ROKU)

Weight of Ark Investment Management’s 13F Portfolio: 5.50%

This March, DA Davidson analyst Tom Forte updated his price target on Roku, Inc. (NASDAQ:ROKU) to $73 from $80 and reiterated a Buy rating on the shares.

On February 15, Roku, Inc. (NASDAQ:ROKU) reported earnings for the fiscal fourth quarter of 2022. The company generated a revenue of $867.06 million, up 0.20% year over year and ahead of Wall Street expectations by $64.31 million.

Cathie Wood is bullish on Roku, Inc. (NASDAQ:ROKU). The investment covers 5.50% of ARK Investment Management’s portfolio, as of April 5, and the stock has returned 57.59% to investors on a year-to-date basis.

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