$Roblox Corporation(RBLX)$ RBLX's 3Q results and analyst day highlighted its early leadership in the metaverse and continued innovation to capitalize on materially higher long-term monetization opportunity. While previous target multiples were comped to growing social platforms like SNAP/PINS, a premium is now appropriate given the advertising optionality on top of RBLX’s existing in-app purchase revenue streams.

Sell now and lose out.