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RBLX - Is Roblox Stock Going to $56? 1 Wall Street Analyst Thinks So.
Roblox Corporation Class A
2024-05-15 06:16:00 ET
Investors looking for bargains might want to turn their attention to Roblox (NYSE: RBLX) .
Shares of the company behind the user-centric gaming platform fell by about 20% after management relayed some news that disappointed most Wall Street analysts.
Bucking the trend, BMO Capital's Brian Pitz expects strong profit growth in the quarters ahead, despite a lowered outlook for quarterly bookings for the rest of 2024.