DIS - Should You Buy Roblox Stock Now Down Over 25% From Highs?
I recently covered Roblox (NYSE: RBLX) , sharing my thoughts in a 25-minute deep-dive analysis video. In case you are not familiar, Roblox is a platform that brings players and developers together. The company's mission is to enable billions of people from across the world to have fun, learn, and play. Roblox is built on a strong foundation of millions of developers who produce immersive "experiences" using Roblox Studio. In fact, Roblox has over 8 million developers and has over 50 million "experiences" or games available to users on the platform.
Based on average monthly visits and time spent playing, Roblox is ranked as a top entertainment platform for audiences aged 18 and under. However, Roblox is making a push to attract older audiences as well. Roblox has successfully leveraged advertising and strategic partnerships with Netflix (NASDAQ: NFLX) , Disney (NYSE: DIS) , and more.
One of the major hurdles with Roblox is trying to place a value on the stock. It has a unique business model with explosive growth, but is this growth sustainable after the pandemic? Probably not completely, but the growth still dominates video game peers such as Electronic Arts (NASDAQ: EA) , Nintendo (OTC: NTDOY) , Take-Two Interactive (NASDAQ: TTWO) , and Activision Blizzard (NASDAQ: ATVI) .
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Should You Buy Roblox Stock Now, Down Over 25% From Highs?