5 Best Young Stocks to Buy and Hold for 20 Years

4. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 46
Total Value of Hedge Fund Holdings: $3.38 Billion

Roblox Corporation (NYSE:RBLX) ranks 4th on the list of 10 best young stocks to buy and hold for 20 years. The California-based video game developer was founded in 2004 and has over 40 million games. Roblox Corporation (NYSE:RBLX) is the newest publicly trading stock on our list of best young stocks. The company held its IPO in March 2021 where the company was able to raise a market capitalization of $38.26 billion. Roblox continues to expand with the growing demand for the video game industry. In 2020, the company acquired simulation-based cognitive assessment company Imbellus. The acquisition will strengthen the prospective talent from a variety of backgrounds from both companies and expand the gaming experience for Roblox Corporation.

Roblox Corporation (NYSE:RBLX) posted its total revenue of $387 million in the first quarter of 2021, an increase from $310 million in the first quarter of 2020. The 52-week price range of Roblox Corporation (NYSE:RBLX) is $60.50-103.87. Shares of RBLX jumped 15% over the last three months. On June 1, Truist Securities maintained a Buy rating on Roblox Corporation and raised the price target to $103.

There were 46 hedge funds that reported owning stakes in Roblox Corporation (NYSE:RBLX) at the end of the first quarter. The total value of these stakes at the end of Q1 is $3.38 billion.