Why Investors Should Wait and Watch Roblox Stock

Why Investors Should Wait and Watch Roblox Stock

Roblox (NYSE: RBLX) is a unique video game platform that enables users to build their own games in a virtual "sandbox" world. After gaining an impressive user base of both gamers and game developers throughout the pandemic, the company has earned a spot on most analysts' and investors' radars. Whereas Roblox's user base and revenue increased significantly as of its first-quarter 2021 earnings report, the company faces unique challenges ahead in expanding and maturing its young, unprofitable user base.