Should I Buy Roblox Shares For A Long-Term Investment? [Solved]
Answer (1 of 2): In the long term, I expect it to rise, but I’m not an investor. At the end, it’s your choice.
Buy Roblox Stock For Its Serious Long-Term Growth Potential RBOX stock is still strong post-IPO May 27, 2021 By Chris Lau , InvestorPlace Contributor May 27, 2021, 3:29 pm EST May 27, 2021.
Roblox publicly listed on Wednesday in New York to a welcome reception. Its share price rallied and institutional investment backs its credibility.
Roblox ( RBLX-3.04%) has been a volatile stock since its direct listing in March. The gaming company's stock started trading at $64.
The Roblox Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $50.30 and $67.46.
Stifel, a globally-recognized investment firm, is rating Roblox stock a “buy” with a price target of $85 and an upside of 18%. “Digital content creation and usage has emerged as one of the most popular forms of entertainment, which combined with Roblox’s large and growing ecosystem of users and developers, bodes well for the company,” Stifel noted.
Stability is the goal for a long term investment so stick with this one.
If you want to treat Roblox as a long-term investment, don’t panic and sell if you see the value dip. Instead, consider waiting for the stock to recover. Future Value. Because Roblox saw explosive growth in an unprecedented economy, it’s unclear how the company will maintain traction as schools and businesses reopen.