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RBLX - 2 Major Risks Investors Should Know Before Buying Roblox Stock
Roblox Corporation Class A
2024-03-14 06:30:00 ET
Roblox (NYSE: RBLX) stock has made a solid comeback of late, surging by more than 50% after touching its 52-week low of around $25 in September.
The company delivered a solid performance in 2023, with revenue and bookings improving by 26% and 23%, respectively. Investors were delighted as these numbers suggest the worst of its headwinds could be behind it.
Still, before investors rush into the stock, there are two critical risks that they should be aware of now.