1 Stock That Has Grown Close to 200% in the Past Year. Time to Buy and See the Gains Continue?

If you invested $1,000 in video game platform company Roblox (NYSE: RBLX) in September 2024, then take a victory lap, because you have about $3,000 now. Roblox stock has been red-hot over the past year.It's quite the comeback. In 2022, Roblox stock was down more than 80% from its previous highs. Then, from early 2022 through late 2024, the stock was essentially flat. Shareholders could be forgiven for giving up after years of futility. But anyone who sold before mid-2024 missed this big rally.Sometimes a rally can't really be explained. But fortunately for investors, the rally for Roblox can. Less than two years ago, the company doubled down on its discovery algorithm, and it appears that it smashed the ball out of the park.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool