Trading Near Its 52-Week High, Is Roblox Stock Still a Good Buy?

Roblox (NYSE: RBLX) has a lot of long-term potential as it scales and expands its operations. While its gaming platform mainly caters to younger audiences, it has been working on making its experiences appeal to a wider and older range of users, which can unlock even more growth opportunities. There's also massive potential for it to generate significant advertising revenue in the future, by giving marketers unique ways to reach their target markets.The problem, however, is that Roblox isn't profitable yet and may not be anytime soon. And that means there is the risk of frequent share offerings in the future, resulting in dilution for existing shareholders.Investors haven't been all that concerned with the company's poor financials of late as Roblox stock has skyrocketed more than 66% in just the past 12 months, as it continues to hit new 52-week highs. Is the stock still a good buy right now, or could it be approaching a peak?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool