Wait for Lower Prices Before Dipping in to Roblox Stock

InvestorPlace2021-07-26

Traders who’ve held shares of online entertainment platform Roblox (NYSE:RBLX) have done well overall since the company went public. Yet, RBLX stock has been frustratingly directionless in the past ...

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jaspherlim
2021-07-27
jaspherlim
[强]
Ajay29
2021-07-26
Ajay29
Agreed this is a buy on dips stock

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Yet, RBLX stock has been frustratingly directionless in the past ...</p>\n\n<a href=\"https://investorplace.com/2021/07/wait-for-lower-prices-before-dipping-in-to-rblx-stock/\">网页链接</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wait for Lower Prices Before Dipping in to Roblox Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWait for Lower Prices Before Dipping in to Roblox Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-26 17:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/wait-for-lower-prices-before-dipping-in-to-rblx-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders who’ve held shares of online entertainment platform Roblox (NYSE:RBLX) have done well overall since the company went public. Yet, RBLX stock has been frustratingly directionless in the past ...</p>\n\n<a href=\"https://investorplace.com/2021/07/wait-for-lower-prices-before-dipping-in-to-rblx-stock/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RBLX","symbol_name":"Roblox Corporation","start_time":0,"source_url":"https://investorplace.com/2021/07/wait-for-lower-prices-before-dipping-in-to-rblx-stock/","article_id":"1175486195","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175486195","pubTimestamp":1627290033,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"As a prominent analyst sets a low bar for RBXL stock, the appropriate attitude is caution","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RBLX":"Roblox Corporation"},"translate_title":"等待较低的价格，然后再投资Roblox股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RBLX":0.9},"content_text":"Traders who’ve held shares of online entertainment platform Roblox (NYSE:RBLX) have done well overall since the company went public. Yet, RBLX stock has been frustratingly directionless in the past couple of months.\nRoblox is a promising company as it offers gamers an immersive virtual world and an escape from reality for a while. This was strongly appealing last year as people sought entertainment during the novel coronavirus pandemic lockdowns.\nFast-forward to mid-2021, when vaccines have been widely distributed and lockdowns have largely been lifted. Will Roblox be able to retain its relevance?\nIt’s a valid concern, and at least one notable Wall Street analyst is treading cautiously. The best assessment, then, may be to set a lower buy price for Roblox shares, and wait patiently.\nA Closer Look at RBLX Stock\nRBLX stock debuted on March 10, and interestingly enough, this event marked the very first direct listing of 2021.\nThe shares began trading at $64.50, much higher than the reference price of $45. The momentum continued until the stock reached a 52-week high of $103.87 on June 2.\nUnfortunately, traders who chased RBLX stock near the $100 area were soon punished for their haste. Throughout most of June and July, the stock flopped around and struggled to find a direction.\nAs of July 23, Roblox shares were trading in the $82 area. At the same time, the company had trailing 12-month earnings per share of -$1.47.\nValue-focused investors probably won’t like that negative number. Hopefully, Roblox’s per-share earnings can cross over into positive territory sometime in 2021’s second half.\nAnd if you’re looking for a buy price for RBLX stock, there appears to be some support at $65.\nNumbers in Decline\nRoblox’s critics may be concerned about a potential drop in user engagement as the world recovers from the Covid-19 pandemic.\nThat concern seems to be confirmed by the numbers.\nIn June, Roblox revealed that the company’s daily active users (DAU) declined 1% month-over-month in May.\nNot only that, but Roblox’s bookings per DAU were estimated to be down 2% to 3% year-over-year.\nIs it a coincidence that RBLX stock has declined since that data was released? I’ll let you decide, but it’s certainly ominous.\nIn any case, it’s likely that Benchmark analyst Mike Hickey was aware of these issues when his firm initiated coverage of Roblox with a “sell” rating and a $75 price target.\nReportedly, that’s Roblox’s first sell rating as well as the lowest price target on Wall Street.\nNow, I wouldn’t recommend dumping your shares, or avoiding RBLX stock altogether, just because an analyst has issued a bearish call.\nBut then, it’s reasonable to consider Benchmark’s justification for issuing the “sell” rating. You can always decide for yourself whether to heed or ignore it.\nFighting for Relevance\nFor one thing, Hickey asserts that the recent rally in RBLX stock “has more than effectively priced in” the company’s growth opportunity.\nHe may have a point there. While the share price didn’t rocket higher in July, the post-direct-listing returns have been substantial.\nIn other words, RBLX stock may have gone up too much, too quickly early on. If the stock is now “rolling over,” that’s not necessarily a good sign.\nMoreover, as I alluded to earlier, Roblox’s relevance in a post-lockdown world might be waning.\nRoblox’s platform “was a social utility during the pandemic, which could unwind as social restrictions are removed, schools reopen and parental spend reallocates,” Hickey explains.\nAdditionally, Hickey cites strong competition and shifting demographics as factors which could also stifle growth.\nI suspect that “shifting demographics” is a polite way of saying that Roblox’s young users might outgrow the platform and move on to more adult-oriented platforms soon.\nThe Bottom Line\nInvestors can choose to listen to Hickey and other analysts, or not.\nBut when they’re making valid points, it makes sense to at least hear them out.\nIn the case of Roblox, the platform could lose its relevance in the gaming community.\nTherefore, even if you believe in the company, it’s perfectly OK to wait for RBLX stock to decline before taking a position.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":803035074,"gmtCreate":1627396005498,"gmtModify":1633765400481,"author":{"id":"4090286866866340","authorId":"4090286866866340","name":"jaspherlim","avatar":"https://static.tigerbbs.com/a0f2692481af5fa4447774e71c8d4d33","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"4090286866866340","idStr":"4090286866866340"},"htmlText":"[强]","listText":"[强]","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803035074","repostId":1175486195,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":800850636,"gmtCreate":1627292561125,"gmtModify":1633766453411,"author":{"id":"3582799148579670","authorId":"3582799148579670","name":"Ajay29","avatar":"https://static.tigerbbs.com/c66b9c3187e633dcff1384f7a0eca0a0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3582799148579670","idStr":"3582799148579670"},"htmlText":"Agreed this is a buy on dips stock&nbsp;","listText":"Agreed this is a buy on dips stock&nbsp;","text":"Agreed this is a buy on dips stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800850636","repostId":1175486195,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":38,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1175486195"}