3 Growth Catalysts That Could Make Roblox a Red-Hot Growth Stock for Years
Roblox (NYSE: RBLX) is a growing gaming company that makes it easy for its users to create new experiences. With tons of content and games, and appeal with young kids, Roblox is a stock that investors should keep a close eye on. While it isn't profitable today, there's plenty of reasons to remain bullish on its long-term prospects.
Here are three growth catalysts that could pave the way for some fantastic results for Roblox in the future.
In September, Roblox announced that its experiences will be available on Sony Playstation consoles as early as next month. That's a big development for the company since there are over 100 million active users on the Playstation Network. Roblox is currently available on 's Xbox One, but by becoming available on more consoles, it can reach significantly more users than it does through computers and smartphones.
Source Fool.com
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