Roblox (NYSE:RBLX) is a platform that brings players and developers together. The companys mission is to enable billions of people from across the globe to have fun, learn and play. Roblox is built on a strong foundation of millions of developers who produce immersive experiences using Roblox Studio. Based on average monthly visits and time spent playing, Roblox is ranked as a top entertainment platform for audiences aged 18 and under. However, Roblox is making a push to attract older audiences as well.
Today, I provide Roblox stock analysis from many hours of due diligence. Since the IPO, Roblox stock has rallied to a high of nearly $104, but it has recently pulled back. The Roblox IPO was a blockbuster IPO stock for 2021, but is Roblox stock a buy now? ARKW (NYSEMKT:ARKW) ETF has been buying Roblox stock, but should you?
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.Eric Cuka owns shares of ARK ETF Trust-ARK Next Generation Internet ETF and Roblox Corporation. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.>
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