2024-06-23 10:00:00 ET
Summary
- Roblox faced a speed bump earlier this year but is now showing strong growth potential, including in advertising.
- Despite a dip in growth rate, Roblox reported increased Hours Engaged in April and is seeing signs of traffic rebounding, potentially reaching far above 20% growth now.
- The stock is cheap at only ~4x our EV/S targets for 2025.
Roblox Corporation ( RBLX ) hit a speed bump earlier this year, but the company appears in beast mode now. The mobile gaming company has a number of long-term catalysts for growth, including the move into advertising. My investment thesis remains ultra Bullish on the stock due to the consistent growth....
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Roblox: Potential Beast Mode Unlocked