Roblox: Bright Future Needs A Pause
- Roblox has rallied too far off the lows having doubled in only months.
- The company still hasn't turned around the monthly metrics with the last bookings level down nearly 10%.
- The stock is far too expensive back trading at near 10x forward sales targets.
After a big rally since the mid-June low, Roblox () has clearly run too far for the current market realities. The stock needs a pause to refresh. My investment thesis remains bullish over the long