Magnitude Of Roblox's Q2 Beat Unexpected, Says Analyst

Roblox Corp RBLX is experiencing a significant market shift, with second-quarter bookings and user engagement metrics signaling a robust recovery, despite a mixed financial report.The gaming platform, propelled by viral game successes and expanding reach, is seeing a positive reevaluation of its growth outlook.Following the release of its quarterly results, Wall Street analysts have revised their price forecasts upward. Wedbush’s Alicia Reese raised her forecast from $142 to $165, maintaining an Outperform ...