Should I invest in Roblox or Nuvve stock?
Asked 4 years ago
I've decided that I'll add one new long-term stock investment to my portfolio per month, and currently, I'm stuck between Roblox and Nuvve. They both look like they could be good. Which would you say is better?
Andrew Moran
Monday, August 02, 2021
Considering that Nuvve ($NVVE) is heavily involved in the electrification of transportation, something that the global economy is embracing, Nuvve has a lot more long-term potential than Roblox ($RBLX).
That said, there could be an opportunity in Roblox since it is 25 percent off from its all-time highs. At the same time, market analysts are of the opinion that investors should wait for lower prices before scooping up shares.
For now, Nuvve would be the stock to buy based on its price (around $11) and long-term prospects. Then, if you have enough capital, buy shares in Roblox on the dip, especially if it falls below $70.
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