Think It's Too Late to Buy Roblox Stock? Here's the Biggest Reason Why There's Still Time.
Shares of Roblox (NYSE: RBLX) have soared to a three-year high following a series of better-than-expected quarterly results. In the last reported first quarter, the social-gaming giant posted a 31% year-over-year increase in bookings for the period ended March 31 amid strong engagement from a record 97.8 million daily active users.With the stock price up 79% year to date, as of this writing, some investors might assume it's too late to buy Roblox. However, this assumption overlooks the bigger picture, as several tailwinds position the company to continue rewarding shareholders.Here's why there's still time to add shares of Roblox to your portfolio.Continue reading
Shares of Roblox (NYSE: RBLX) have soared to a three-year high following a series of better-than-expected quarterly results. In the last reported first quarter, the social-gaming giant posted a 31% year-over-year increase in bookings for the period ended March 31 amid strong engagement from a record 97.8 million daily active users.
With the stock price up 79% year to date, as of this writing, some investors might assume it's too late to buy Roblox. However, this assumption overlooks the bigger picture, as several tailwinds position the company to continue rewarding shareholders.
Here's why there's still time to add shares of Roblox to your portfolio.
