RBLX - 2 Reasons to Buy Roblox Stock and 1 Reason to Sell
2023-09-28 10:23:00 ET
The market may be up solidly this year, but it has lost interest in Roblox (NYSE: RBLX) stock. Over the past 12 months, shares of the digital entertainment specialist are deep into negative territory -- down 25% -- even though the business has been growing at a healthy clip in recent quarters.
Are investors missing something here? On the one hand, rising user engagement with its game platform is encouraging news. And there are other good reasons to like the stock today as well. At the same time, investors should also keep an eye on one big risk.
Let's dive right in and see where the stock could be headed from here.
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2 Reasons to Buy Roblox Stock, and 1 Reason to Sell