Image source: Roblox. Those headline numbers were ugly, but some investors might be wondering if it's finally time to buy this former high-flying stock, which has already declined more than 70% ...

Kids having fun can't be quantified, which means Roblox likely has a bright future in the long term. Click here to read more of my analysis of RBLX stock.

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While Roblox might have the potential to become a long-term winner, there are still plenty of uncertainties ahead.

And with Roblox stock trading at a premium valuation, it's hard to justify a buy for the stock even though it has some attributes of a potential long-term winner.

While Roblox might have the potential to become a long-term winner, there are still plenty of uncertainties ahead.

Why buy the stock The lack of sustainable profits today is a big reason investors might want to hold off on buying Roblox stock.