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Roblox Stock: Buy, Sell, or Hold?

TheMotleyFool

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Roblox Stock: Buy, Sell, or Hold?: https://g.foolcdn.com/editorial/images/752811/roblox-nikeland.png

Roblox (NYSE: RBLX) dazzled the bulls when it went public via a direct listing on March 10, 2021. The gaming platform developer's shares opened at $64.50 and more than doubled to their all-time high of $134.72 on Nov. 19, 2021.

But today, Roblox trades at about $30. The bulls retreated as its bookings growth cooled off, its losses widened, and its leverage rose. Rising rates also compressed its valuations. So, should investors buy, sell, or hold Roblox today?

Image source: Roblox.

Source Fool.com

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