Roblox Stock Up 30%: Time to Buy?
Shares of Roblox (NYSE: RBLX) surged immediately following the company's better-than-expected earnings report on Feb. 15. Roblox reported strong numbers across key performance metrics, including daily active users and bookings (a non-GAAP measure of revenue).
The stock is currently up 30% year to date after giving back some gains. Valuation concerns are front and center again with interest rates on the rise, which tends to pressure the premium investors are willing to pay for expensive growth stocks. Roblox may need to show more growth to justify its expensive price tag.
Let's look at one area of its platform that could help Roblox do just that.
Source Fool.com
