5 Best High Risk Stocks to Buy Right Now

In this article, we discuss the 5 best high risk stocks to buy right now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best High Risk Stocks to Buy Right Now.

5. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 49  

52-Week Range: $60.50-$103.87

Roblox Corporation (NYSE:RBLX) owns and operates an online entertainment platform. The company, based in California, is also famous for providing interactive entertainment services. Tao Value, an investment management firm, recently claimed that Roblox could provide investors with better value for money in the metaverse context than Facebook. Facebook had recently announced that it would be rebranding itself as Meta. 

BTIG analyst Clark Lampen recently initiated coverage of Roblox Corporation (NYSE:RBLX) stock with a Buy rating and a price target of $98, underlining that there was lots of buzz around the daily active user and developer growth of the company. 

At the end of the second quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $4.9 billion in Roblox Corporation (NYSE:RBLX), up from 46 in the previous quarter worth $3.3 billion.

In its Q2 2021 investor letter, Guardian Fund, an asset management firm, highlighted a few stocks and Roblox Corporation (NYSE:RBLX) was one of them. Here is what the fund said:

“The wonder-tale stories of children’s books show us that there are infinite possibilities of stories and worlds. The metaverse, the idea that describes the shared 3D spaces in a virtual universe, is enabling people to create fiction. Over the past six months, we initiated a new investment in Roblox. The firm was founded in 1989 by David Baszucki and Erik Kassel when they programmed a physics lab where students could study how cars would crash.

Today, Roblox has become a leading platform with a mission to build a human co-experience that enables billions of users to play, learn, and build friendships in the metaverse. Recent advances in cloud computing, computing devices, and machine learning, enable the materialization of the metaverse. Take what we have in virtual reality today and fast-forward a few decades. Humans will be able to experience unimaginable things and in a couple of millennia virtual economies are likely to become bigger than the physical trade on planet Earth.

Over the first quarter of 2021, Roblox reported 140% revenue growth, 42.1 million daily active users, and 9.7 billion engaged hours. The opportunity for this platform is massive.”