Shares of Roblox (RBLX) have been on an absolute tear in 2023. Similar to most other tech stocks, Roblox has gained significant momentum in recent months, surging 63% year-to-date, valuing the company at a market cap of $25.6 billion.
However, despite the recent uptick in share prices, RBLX stock is still trading 66% below all-time highs as investors remain worried about macroeconomic headwinds such as inflation, rising interest rates, geopolitical tensions, and supply chain disruptions.
