Why Roblox's Q1 Has BofA Analyst Optimistic For Long-Term Prospects, Despite Investor Sentiment Split About Growth

BofA Securities analyst Omar Dessouky shared views on Roblox Corporation RBLX ahead of its first quarter FY25 earnings release on May 1.The analyst maintained a Buy rating on the company with a price forecast of $79.The analyst anticipates the company to gain market share in the video game sector due to its virtually unlimited pool of developers and its ability to drive innovation beyond the broader gaming industry.Also Read: Cathie Wood’s Ark Invest Continues To Offload UiPath, Roblox: Loads Up On GitLab, ...