CFRA Raises Roblox (RBLX) Price Target To $66 From $56 Following Earnings

CFRA's Jon Freeman breaks down Roblox's 2Q earnings, when the company posted worse-than-anticipated earnings and sales results and bookings fell 4% from the same period a year ago. The videogame space has taken a hit collectively, after growth accelerated at an unprecedented pace during the pandemic. Despite the disappointing results, Roblox shares reversed intraday losses, closing up on the day Wednesday.

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10 Aug 2022

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