Roblox Stock Analysis

last updated on

Roblox Stock Analysis

Roblox (Rblx) Stock: Is It Really Unstoppable?

The Roblox (RBLX) stock seems to be unstoppable as it keeps rising higher. A key reason for this boom is that a new game called Grow a Garden was made available on the Roblox platform.

The Grow a Garden is a very simple game, but for some reason, it has attracted a lot of traction! The available data shows that 22 million people are playing the Grow a Garden game simultaneously!

Grow A Garden Game On Roblox

In fact, the Grow a Garden game has even broken Fortnite's record of 15 million active players. For Roblox (RBLX), this is actually good news, as more people will be willing to buy the virtual currency called Robux.

The bottom line is that it will improve the sales growth of Roblox (RBLX) and also allow it to get more advertisers. Over the long run, games like Grow a Garden will help Roblox's business.

However, one big problem for Roblox (RBLX) is that it is not profitable at all. Through the first half of the year, Roblox (RBLX) revenue was around $2.1 billion. That's an increase of almost 25% but the company's operating loss is still around $540 - $577 million.

Another potential risk is that the popularity of Grow a Garden may fade away eventually. But even then, there are tons of games on the Roblox platform.

With all things considered, the Roblox (RBLX) stock looks expensive right now. After all, the stock is now sitting at record highs, which means it is not a good idea to buy it right now.

However, Roblox (RBLX) is definitely a strong gaming stock that has a lot of potential. The only downside is that the investors will have to be willing to play the long game if they want to get into the Roblox (RBLX) stock.

But, there's no doubt that Roblox (RBLX) stock has a lot of potential, and an entry can be taken if the stock price goes down a little bit.

Trending Stories