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home / news releases / RBLX - Why Did Roblox Stock Plunge After Raising Its Revenue Guidance? Is the Sell-Off a Buying Opportunity?

RBLX - Why Did Roblox Stock Plunge After Raising Its Revenue Guidance? Is the Sell-Off a Buying Opportunity?

Roblox Corporation Class A

2024-05-13 04:45:00 ET

Shares of Roblox (NYSE: RBLX) sank after its first-quarter results, despite the virtual gaming platform raising its full-year revenue outlook. The stock is now trading down over 30% year to date.

So why is Roblox's stock getting crushed?

Let's examine the company's quarterly results to find out why, and whether now is a good opportunity to buy the stock.

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Why Did Roblox Stock Plunge After Raising Its Revenue Guidance? Is the Sell-Off a Buying Opportunity?
Stock Information
Company Name: Roblox Corporation Class A
Stock Symbol: RBLX
Market: NYSE
Website: corp.roblox.com
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