Should Investors Buy Roblox Stock on the Dip?

By Parkev Tatevosian, CFA – Aug 13, 2023 at 4:45AM

NYSE: RBLX

Roblox

Market Cap

$23B

Today's Change

(1.35%) $0.48

Current Price

$36.01

Price as of April 26, 2024, 4:00 p.m. ET

Roblox reported quarterly earnings that disappointed stock market investors.

Fool.com contributor Parkev Tatevosian discusses why Roblox (RBLX 1.35%) stock fell after earnings and whether that's a buying opportunity.

*Stock prices used were the afternoon prices of Aug. 9, 2023. The video was published on Aug. 11, 2023.

Parkev Tatevosian, CFA has positions in Roblox. The Motley Fool has positions in and recommends Roblox. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.