RBLX - 1 Growth Stock Down 80% to Buy Right Now
2023-09-29 09:45:00 ET
It's been a tough year for Roblox (NYSE: RBLX) shareholders. Although the stock started 2023 on a bullish foot, it didn't remain on that foot for very long. A big dose of reality upended the stock in August. The shares are down more than 40% from their late-July peak -- and more than 80% below their late-2021 high. Indeed, the stock just hit a new 52-week low after toying with that floor since the middle of last year.
This is one of those cases, however, where a young company and its even-younger stock don't necessarily have to suffer a post-public-offering obliteration. The recent sell-off is a great buying opportunity for any interested investor that (1) is looking for an aggressive growth pick and (2) can stomach the volatility that's sure to still be in the cards.
If you're not familiar with it, Roblox is an online video-gaming platform, allowing players to enter a virtual world where they compete with or against other gamers.
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1 Growth Stock Down 80% to Buy Right Now