Cathie Wood sees a 7X explosion in ROKU by 2026, targeting a $605 price point
Michael Vi

Cathie Wood, CEO of ARK Invest, made another aggressive call, this time stating that Roku (NASDAQ:ROKU) can reach $605 per share by 2026.
Woodâs call comes just a few weeks after she made a similarly optimistic projection that Zoom Video Communications (ZM) could reach $1,500 by 2026.
According to ARKâs open-source research, the firm believes that ROKU can possibly jump 7X over the next five years at an annual rate of 53%. Currently ROKU trades around $86 a share and is -63% YTD.
Moreover, looking at ARK Investâs bull and bear cases, it sees ROKU reaching as high as $1,493 per share and as low as $100 per share, which would provide annualized returns of 88% and 3%, respectively.
Two of the largest ETF holders that have positions in ROKU both belong to Wood and her actively managed funds.
The ARK Next Generation Internet ETF (NYSEARCA:ARKW) lists ROKU as the ETF's second most significant position with an 8.6% weighting and market value of $120.58M.
Following ARKW is Woodâs flagship ARK Innovation ETF (NYSEARCA:ARKK), which lists ROKU as the fund's third largest position with an attached weighting of 7.9%. Additionally, ARKK holds a $707.93M market value in ROKU.
In preparing ARKâs price target, the firm examined ROKUâs new account activity, trends in daily hours streamed on ROKU, ROKUâs gross and net platform monetization rate, along with information on its total addressable market.
See the complete note on how Wood and ARK Invest derived their call on ROKU.