3 Reasons Investors Shouldn't Give Up on Roblox Stock
Roblox (NYSE: RBLX) is a gaming company with millions of active users on its platform. And there are millions of developers on there, creating tons of original content. Even if you don't like games, you might want to shop in a virtual world one day, which is a possibility on the platform as companies launch virtual stores in Roblox's metaverse.
Many investors could be making a big mistake in overlooking the potential that this growth stock has. It has lost half of its value in the past three years, and a lack of profitability certainly isn't helping the stock. But here are three reasons you shouldn't give up on Roblox just yet, and why it could be an underrated buy.
It was just last year that the company launched its partner program, which could be a game changer for its business. The program will make it easier for advertisers to reach gamers in Roblox's massive ecosystem. By offering immersive ads on the platform, it will give marketers a unique way to promote their brands.
Source Fool.com
