How's Roblox looking?
"While there might not be a lot of love for turbo-charged growth stocks left on Wall Street, some companies defy the trend, Cramer told viewers. Case in point, Roblox (RBLX) - Get Report, the online gaming platform that's proven to be a lot more than just a COVID winner," wrote TheStreet's Scott Rutt in his Mad Money recap. "After a strong debut via direct listing, shares of Roblox had seemingly stalled as many investors assumed the game maker had little to offer as our economy reopened. But after another strong quarter, shares shot up another 8.1% Monday, prompting Cramer to reiterate his position."
"Roblox has been growing like a weed, with active users up 37% year over year with no signs of slowing post-pandemic. The company now boasts 43.3 million daily active users on its platform, fueled by an ecosystem of developers creating new content on its platform," He continued. "Beyond its growth, Cramer said the company is in a strong position due to its free cash flow increasing 300% and by its expansion plans in China, which are running ahead of schedule. He remained confident that there is a lot more room to run in Roblox."
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