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Here's Why I'm Getting More Bullish on Roblox Stock
Roblox (NYSE: RBLX) has nearly 100 million daily active users on its gaming platform on average. And many of those users are young school-aged kids who are starting to get into gaming.There's no need for an expensive console with Roblox; a phone, tablet, or computer will gain you access to the platform. And with its users making the content, there's a wealth of options for users interested in using the platform.But the company still struggles with profitability and faces big question marks about its long-term viability, especially about whether it can get to breakeven. However, its recent results did give investors reason for optimism. Here's why I'm getting more bullish on the stock in light of how it did in its most recent quarter.Continue reading
Roblox (NYSE: RBLX) has nearly 100 million daily active users on its gaming platform on average. And many of those users are young school-aged kids who are starting to get into gaming.
There's no need for an expensive console with Roblox; a phone, tablet, or computer will gain you access to the platform. And with its users making the content, there's a wealth of options for users interested in using the platform.
But the company still struggles with profitability and faces big question marks about its long-term viability, especially about whether it can get to breakeven. However, its recent results did give investors reason for optimism. Here's why I'm getting more bullish on the stock in light of how it did in its most recent quarter.
