Roblox Analysts Divided On Timing Of Margin Expansion, $5B Market Cap Correction Is 'Excessive'
Portfolio Pulse from Priya Nigam
Roblox Corp (RBLX) shares rose in early trading after a previous session's drop due to a revenue miss. Analysts from Morgan Stanley, Needham, Stifel, Benchmark, and Roth Capital Markets provided mixed reviews on the company's Q2 results and future prospects. While some analysts upgraded their ratings and raised price targets, others maintained their ratings but reduced price targets. The market cap correction of $5bn was deemed 'excessive' by Roth Capital Markets.
August 10, 2023 | 3:34 pm
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Roblox Corp's shares rose after a revenue miss, with mixed reviews from analysts. Some analysts upgraded their ratings and raised price targets, while others maintained their ratings but reduced price targets. Roth Capital Markets deemed the $5bn market cap correction 'excessive'.
The news directly pertains to Roblox Corp and its stock performance. The mixed reviews from analysts and the deemed 'excessive' market cap correction could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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