Name: CFRA Raises Roblox (RBLX) Price Target To $66 From $56 Following Earnings
Uploaded: 2022-08-10T22:31:51.127
Duration: 8 min 20 s

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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.

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

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