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Down 69%, It's Time to Buy Roblox Stock Hand Over Fist

Down 69%, It's Time to Buy Roblox Stock Hand Over Fist

Roblox (NYSE: RBLX) stock is down 69% year to date thanks to slowing growth through the first half of the year. After reporting declining bookings (a non-GAAP measure of revenue) in the second and third quarters, Roblox posted double-digit growth in bookings in the third quarter. Roblox is seeing top-line growth reaccelerate after bookings declined in the first half of the year.