![How AI Use Is Evolving Over Time [Infographic]](https://imgproxy.divecdn.com/YImJiiJ6E8mfDrbZ78ZFcZc03278v7-glxmQt_hx4hI/g:ce/rs:fit:770:435/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9ob3dfcGVvcGxlX3VzZV9BSV8xLnBuZw==.webp)
1 Growth Stock Down 87% to Buy Right Now
Looking for growth stocks at bargain prices? This media-streaming stock's 87% decline spells opportunity, and not in a subtle way.
Media-streaming technology innovator Roku (NASDAQ: ROKU) is always riding a roller coaster down Wall Street. As of April 23, the stock is trading 36% below its annual peak and 87% down from the all-time highs in the summer of 2021.
But Roku's high-octane growth story is still playing out. The company sacrificed some profits to boost its market reach and sales growth in recent years, and many investors focused on the swooning bottom line instead of the accelerating revenue trend. As a result, Roku's stock now trades at a ridiculously low valuation and I highly recommend buying a few shares in April 2025.
So here's the deal. Roku's stock is changing hands at 2.2 times trailing sales. That's an appropriate valuation for mature, slow-growing businesses. For example, The Home Depot (NYSE: HD) carries the same 2.2 price-to-sales (P/S) ratio and Starbucks (NASDAQ: SBUX) hovers just above this unlikely duo with a P/S ratio of 2.6.
