Roblox (RBLX) Downgraded Due To Slowing Growth

Roblox (RBLX) was downgraded to underweight from equal weight by Morgan Stanley. George Tsilis joins Alex Coffey and Jenny Horne to discuss RBLX. He talks about how Morgan Stanley notes that RBLX's bookings reacceleration in 1H is priced in, and they see mixed catalysts and slower growth in 2H. The analyst also notes that they see the cost of views and immersive ads as unlikely to drive upward revisions. George also talks about the outlook for RBLX going forward and what the rise in December usage means for the company. Tune in to find out more about the stock market today.

Next Gen Investing

19 Jan 2023

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