Where Will Roblox Stock Be in 1 Year?
Roblox (NYSE: RBLX) continues to see daily active users grow, but new users are not spending as much money on virtual content as they were during the pandemic. Bookings (a non-GAAP measure of revenue) flattened out over the last year, contributing to an underperforming stock price.
Roblox recently announced improvements to the marketplace that could incentivize more spending by players. Perhaps an even bigger opportunity is the upcoming launch of 3D advertising.
Let's look at what the company is up to and whether it will be enough to lift the stock next year.
Source Fool.com
