Roblox is a virtual world that allows users to create and play games with others around the world. With over 120 million monthly active users, it’s one of the most popular social platforms on the internet. Despite its popularity, Roblox has been facing some challenges in the past few years – from allegations of child exploitation to declining game sales. But despite these troubles, there are still opportunities for investors to make money off of Roblox stocks. In this article, we will provide you with five Roblox stocks to watch out for. By doing so, you can ensure that you have all the information you need to make an informed decision when investing in this platform.
Roblox (ROBLOX)
Roblox, a social gaming platform for children, is in the midst of growing pains. The company’s stock price has been volatile and hit a low last year. However, there are several things to watch for this year that could help stabilize the stock price and give Roblox investors decent returns.
First and foremost, Roblox needs to show signs of turnaround. The company reported lackluster results in its fourth quarter of 2017 which caused its share price to plunge. However, if Roblox can report strong results in 2024, this could lead to more people investing in the company’s stock and stabilizing the value. Additionally, management must continue to provide good user experience (UX) which keeps users coming back and spending money on the platform. Roblox experienced an uptick in user engagement when it rolled out a new customer service model earlier this year. If the company can continue to improve its UX and keep users engaged, it will have positive long-term effects on its stock price.
Another thing worth watching for is potential acquisitions or partnerships which could bolster Roblox’s bottom line. In late 2017, rumors circulated that Facebook was interested in acquiring Roblox for $3 billion dollars. While nothing came of this speculation, it shows that companies outside of the social gaming space are taking notice of what Roblox has to offer – namely its massive user base of kids aged 8-17 years old who spend an average of two hours per day on the platform.
Zynga (ZNGA)
Zynga (ZNGA) is a leading social media company that operates games like Farmville and Mafia Wars. The company has been struggling in recent years, but its stock has rebounded recently.
I predict that Zynga’s stock price will continue to rebound in the near future. I believe the company’s core gaming products are still very popular, and its advertising model provides strong forward visibility. Finally, I think Zynga will be able to stabilize its relationship with Venmo and other payment processors, which will provide positive long-term growth prospects.
Mixi (MIX)
One of the biggest gaming platforms currently in existence is Roblox. With over 350 million active monthly users, it’s no wonder that this platform is generating a lot of buzz. What makes Roblox even more interesting is its potential to become a major player in the virtual reality market.
So what are some of the stocks to watch on Roblox? Here are three of the most promising ones:
1) Mixi (MIX): Mixi has been on a tear recently, with its stock price soaring by almost 50%. This is likely due to their strong performance in the Chinese market, which is one of the key markets for Roblox. Given that China is by far the largest market for VR and gaming, this suggests that Mixi could be one of the bigger winners in terms of global expansion.
2) Team17 (TAD): Team17 is one of Europe’s leading video game publishers, with titles like Minecraft and Rocket League among its most popular franchises. While TAD isn’t as well-known as some other companies on this list, it nonetheless has a lot of potential given its strong track record and strong partnerships with other major players in the industry.
3) Playrix (PRX): Playrix is an interesting company because it doesn’t have any traditional video games as part of its portfolio. Instead, it specializes in developing mobile apps for various genres including casual games, puzzle games, and casino apps.
Kakao Corp. (KACO)
Kakao Corp. (KACO) is a South Korean technology company that specializes in developing and operating mobile applications. The company operates the KakaoTalk messaging app, which is the largest messaging app in South Korea and the third-largest messaging app in the world. KakaoCorp also develops other mobile apps, including KakaoStory, a social media platform; KakaoTaxi, an on-demand taxi service; and KakaoWiFi, a Wi-Fi hotspot service. In addition to its own apps, KakaoCorp provides services to other companies such as creating backend infrastructure for their apps. The company was founded by two brothers, Kim Seung-keun and Lee Seung-keun, in 2004 and is headquartered in Seoul, South Korea.
Tencent Holdings Limited (Tencent)
Tencent Holdings Limited (Tencent) is a Chinese multinational online and mobile entertainment company. The company was founded in 1999 and operates the world’s largest social media network, WeChat, as well as the world’s most popular game platform, Roblox. Tencent has an estimated value of US$420 billion as of March 2024.
Roblox is a free-to-play 3D online gaming platform with more than 275 million monthly active users worldwide. The company’s flagship product is a three-dimensional virtual world where players create their own games, characters, and worlds and share them with others. In February 2019, Roblox announced that it had reached 850 million monthly active users globally.
The Roblox stock price prediction for Tencent revolves around the potential for continued growth in the company’s various platforms and products. As Roblox continues to grow its user base, opportunities for monetization will increase which could lead to higher stock prices. Investors should keep an eye on Tencent during the upcoming years as the company looks to continue expanding its reach and offerings within its respective markets.
