Here's an Absolutely Brilliant Stock to Buy With Less Than $50
It is relatively rare to find a growth stock priced below $50 per share. Following a 13% rally this year for the wider market, only about 25% of the stocks in the S&P 500 fall under that threshold as of mid-June.
And while a stock price in isolation tells you nothing about the value of the business, many low-price stocks are riskier due to the companies' shrinking sales and/or weak profit outlook.
But growth investors can find strong businesses valued at less than $50 per share. Let's look at Roblox (NYSE: RBLX), for example, which recently gave its shareholders some excellent reasons to feel bullish about its digital entertainment platform and its potential for stock price performance.
Source Fool.com
