After Crashing by more than 15% on Tuesday after the release of the Company’s 2021 Q4 earnings report, the Roblox stock has shot up by about 7% today.
Today’s correction shows that the stock has quite a strong sentiment thus making it remain bullish despite the poor Q4 earnings report.
To help stock investors interested in investing in Roblox Stock (RBLX), Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Roblox Stock?
Roblox Stock is the stock of Roblox Corporation and it trades on the New York Stock exchange under the symbol NYSE: RBLX.
In a nutshell, Roblox is an American-based video developer headquartered in San Mateo, California. It was founded in 2002 and it is the developer of the Roblox platform that allows gamers to play thousands of games.
Roblox Corp went public last year in April.
The company has been performing quite well with most of its success being attributed to the rapid adoption of metaverse across the globe.
Should I buy RBLX stock today?
If you are looking for a tech stock that has been on the decline in the past three months but just started rising, then the RBLX stock could be a good choice.
Nevertheless, it is important to note that the stock is majorly associated with the metaverse world, which requires it to keep players entertained to remain viable in a market that is quite overcrowded following the rise in metaverse projects, especially in the crypto space.
ROBLOX stock price prediction
After falling between mid-November, 2021 and the end of January 2022, the RBLX stock has started rising again and analysts expect it to regain its high of $134 before the end of the first quarter of 2022.
$RBLX stock social media coverage
The post Where to buy Roblox Stock: it stayed strong even after missing Q4 Wall Street’s estimates appeared first on Invezz.
