Down 15% Already in 2022, Is This Metaverse Stock a Buy?
While 2021 was very good to Roblox (NYSE: RBLX) shareholders, 2022 is off to an arguably poor start. This gaming platform company with metaverse potential has been caught up in the broader growth stock sell-off and is trading down about 15.7% year to date.
Part of the drop can be attributed to some investor concern heading into 2022 about Roblox's rich valuation. Let's look closer at this metaverse company and determine if the concern is justified, or if perhaps the stock is worth buying at its lower (but still elevated) price.
Various characters from the Roblox universe stand together on a simulated street in the Roblox "metaverse." Image source: Roblox.
Source Fool.com
