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Millennials And Gen Z Choose this Stock

here is a number of innovative stocks that Millennials and Gen Z investors can’t get enough of

Perhaps, the major reason for an ongoing Wall Street rally is that young investors and traders started taking an active part in the big game via free trading apps, such as Robinhood, driving the major indices to a sequence of new records and all-time highs.

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Wondering how this can be? Simply consider that Millennials, as well as younger Gen Z investors make up more than 50% of the U.S. population. Therefore, these new retail investors make up a big force capable of driving the market trends.

There is a number of innovative stocks that Millennials and Gen Z investors can’t get enough of. These stocks have the potential to skyrocket within their respective industries in the nearest future, making these stocks solid long-term investment options. Let’s take a closer look at ROKU – rapidly growing streaming media platform provider.

ROKU: Rapidly-Growing Streaming Media Platform Provider

Roku (NASDAQ:ROKU) has rapidly become the market’s top performer due to its enormous user growth—mostly among Millennials and Gen Z consumers.

After growing more than 375% in 2019, ROKU’s stock almost tripled in 2020, boosting 165%, and in the first month of 2021, it’s up 7%.

Despite the enormous gains related to ROKU over the past 24 months, we expect ROKU stock to extend its run higher in the new year as the current operating environment has created a perfect backdrop for the streaming media platform to thrive.

Shares settled at $418.75 last night, within sight of their record high of $448.17 touched on Jan. 22. At current levels, the San Jose, California-based streaming video pioneer has a market cap of around $55 billion.

ROKU reported remarkable earnings for all four quarters last year, far surpassing Wall Street’s expectations due to enormous growth in its ad-supported, video-on-demand services.

ROKU’s next earnings report is scheduled for Thursday, Feb. 11th, after the market close.

The company’s revenue is expected to jump 49% year-over-year to $613.5 million.

In addition traders and investors will monitor Roku’s report on its active user accounts and the average revenue per user (ARPU) – two major fundamentals for the streaming company. 

ROKU’s active accounts grew 43% as of the 3rd quarter year-over-year to 46 million. More so, the company’s ARPU reached a double-digit percentage gain, boosting 20% from a year-earlier to $27.

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