Is Now the Time to Go All-In on Roblox Stock?
Roblox (NYSE: RBLX) stock is down more than 20% from its highs in early June after the video game platform company announced seemingly solid operating results for May. Whenever a stock price moves inversely to good news, it's time to dig deeper.
That's especially true given that the stock's price decline is leading many investors to think of significantly boosting their stake in the video game developer. After all, Roblox has a highly scalable business model, is rapidly growing its revenue and earnings, and is reinvesting its cash flow back into its business in the form of more research and development. Just what could go wrong?
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Source Fool.com
