Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Roblox vs. Skillz: Which Video Game Stock Is a Better Buy?

Published 05/24/2021, 09:26 AM
Updated 05/24/2021, 10:31 AM
© Reuters.  Roblox vs. Skillz: Which Video Game Stock Is a Better Buy?

The gaming industry is expected to grow at a stellar pace going forward, making stocks such as Roblox (RBLX) and Skillz (SKLZ) enticing bets for long-term growth investors. .In the last year, companies in the gaming industry have crushed broader market returns. The COVID-19 pandemic acted as a massive tailwind for gaming stocks. As people all over the world were confined to their homes due to economic lockdowns, entertainment options were few and far between, driving demand for traditional and mobile gaming.

However, as vaccine rollouts gain pace and normalcy returns in the upcoming months, do gaming companies remain a solid bet? Will the growth rates decelerate for these firms and will profit margins contract?

Here we compare and analyze two stocks part of the gaming space- Roblox (RBLX) and Skillz (SKLZ) to see if they remain a good bet for 2021 and beyond.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.