Roblox: Is the Latest IPO Darling Still a Buy?

Published: April 9, 2021

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Roblox: Is the Latest
IPO Darling Still a Buy?

Calling all traders and degenerates! Let's talk about the hype surrounding online gaming platform Roblox, and whether it's still a buy…

This recent initial public offering (IPO) name just received analyst upgrades from pretty much every large investment bank out there.

Now, before we address what this means moving forward, let's break down Roblox's IPO process…

The stock opened for trading on March 10 with a listing price of $45 per share. But by midday, the stock had leapt over 50% and ended up closing at $69.50.

At last glance, Roblox Corp. (NYSE: RBLX) is up over 6% on the week and trading right around $73 a share as of Friday morning.

So now that the stock has all this bullish analyst coverage, you may be wondering…

Is Roblox Still a Buy?

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