Roblox Stock News

Roblox stock continued its post-earnings climb on Monday thanks to a traffic surge from the hit new online game “Grow a Garden.”

Shares of Roblox (RBLX 0.13%) have soared by 42% year to date and are currently trading at a three-year high as of this writing. The gaming platform is more popular than ever, leveraging its category leadership and global expansion into strong growth.

Stocks that are hitting new highs, especially on top of growing demand for their products, can signal a long-term winner. The following growth stocks pulled back along with the market sell-off this year before strong first-quarter earnings results sent them to new highs.

Roblox (RBLX 0.52%) has been a controversial investment for many investors. On one end, it has pioneered the unique business model that combines user-produced games, social networking, and a digital economy, demonstrating an early version of what the metaverse could look like.

Roblox stock advanced to a multiyear high on Friday, continuing a winning streak following its recent breakout.

Roblox (RBLX 3.15%) has nearly 100 million daily active users on its gaming platform on average. And many of those users are young school-aged kids who are starting to get into gaming.

Roblox (RBLX 2.65%) was once a hot stock. The gaming platform developer went public via a direct listing on March 10, 2021.

Shares of Roblox (RBLX -0.57%) -- the gaming platform popular with teenagers -- have been on fire recently, almost doubling their price in the last 12 months. Investors have been drawn to the company's continuing recovery from the bottom it reached in 2022 and its robust prospects.