In the "corporate overview" section of the company's investor relations website, RBLX describes itself as "a human co-experience platform" and "one of the top online entertainment platforms for audiences under the age of 18" which is supported by "developers who produce their own immersive multiplayer experiences." I am referring to what Roblox does and why it is attractive as an investment candidate, when I use the term "basics". It is important to have a good understanding of the basics for RBLX stock, before I touch on Roblox's recent developments. Moreover, RBLX's current valuations are still rich, and a further valuation derating is likely. ![]() RBLX hasn't set out a clear path to achieve profitability, and its bookings growth might not have troughed yet looking at its May 2022 metrics. ![]() My prediction is that Roblox's share price will continue to drop going forward based on the company's outlook. In the current article, I offer an update of my views on Roblox's outlook considering RBLX's continued stock price decline which has occurred in tandem with the sell-off in technology names. I highlighted in my earlier update for RBLX published on Mathat a meaningful stock price recovery for Roblox to above $70 is unlikely. ![]() My investment rating for Roblox Corporation ( NYSE: RBLX) is a Sell. Ian Tuttle/Getty Images Entertainment Elevator Pitch
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