3 Reasons to Buy Roblox and 3 Reasons to Run Away
The metaverse gaming company is still a polarizing stock.
Roblox (NYSE: RBLX) has been a divisive stock since its public debut four years ago. The gaming platform company's stock opened at $64.50 per share on the first day, and it more than doubled to a record closing price of $134.72 on Nov. 19, 2021.
But as of this writing, Roblox's stock trades at about $56. Its investors fled as it lapped its pandemic-driven growth spurt, racked up more losses, grappled with safety and regulatory issues, and rising interest rates compressed its valuations. So can Roblox bounce back in the future? Let's take a look at three reasons to buy Roblox -- and three reasons to run away.
Image source: Roblox.
