#5 - Roblox (NYSE:RBLX)
We’re delivering these metaverse stock picks to you when the National Football League’s (NFL) Super Bowl is taking center stage. As you watch the game, consider just one opportunity that Roblox (NYSE:RBLX) has in the metaverse.
Roblox just announced a partnership with the NFL to be the developer for the league’s foray into the metaverse with NFL Tycoon. Roblox lets users create and play games. The company generates revenue as users buy in-game currency, called Robux, to acquire items or experiences inside the games. In this game, users will build, play and learn an NFL-centered world. This partnership may answer the question of whether individuals will pay real money for digital goods.
Currently about 66% of Roblox’s 43 million active daily users are under the age 16. This partnership may start to level that out. The NFL will be the latest high-profile company that has partnered with Roblox. Some other names on that list include Nike (NYSE:NKE), Chipotle Mexican Grill (NYSE:CMG), and Gucci.
About Roblox
Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.
Read More - Current Price
- $49.38
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $55.30 (12.0% Upside)
