RBLX - What's In Store For Roblox In Q3 Earnings? Analyst Sees Path For Adj. EBITDA Margin Improvement | Benzinga
Stifel analyst Drew E. Crum reiterated the Buy rating on Roblox Corporation (NYSE: RBLX) with a price target of $41.
The company will report third-quarter 2023 financial results before opening the U.S. markets on Wednesday, Nov. 8, 2023.
Crum writes that RBLX has lost nearly -20% of its market cap since reporting 2Q results in early August.
But the analyst sees Q3 earnings and a subsequent investor day in mid-November as potential catalysts, providing the company an opportunity to address several initiatives, including a path for AEBITDA margin improvement.
Crum says the 3Q ...