RBLX - 1 Growth Stock Down 73% to Buy Right Now
2023-11-26 09:15:00 ET
How does the old saying go? Timing is everything? It's advice that informed investors and educated advisors typically dismiss. Trying to time the market is usually a bad idea and often does more harm than good. On the other hand, in some instances it makes good sense to capitalize on what could well be a short-lived opportunity.
Enter Roblox (NYSE: RBLX) . This technology stock is down more than 73% from its late-2021 high, with results unable to keep up with the hype up to that point. This steep sell-off is a great buying opportunity for investors who can look more than a few days down the road. The company's business is still accelerating to its full stride now that would-be customers are starting to see its technology's potential.
On the off-chance you're reading this and are unaware, Roblox's roots are in the online video gaming business. Players can not only virtually compete with and against other players using the Roblox platform but also create their own virtual world in which to play a video game. Gamers can even monetize their own virtual game rooms if they choose to do so.
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1 Growth Stock Down 73% to Buy Right Now