Is Roblox Stock Going Back to $40? 1 Wall Street Analyst Thinks So

Roblox's biggest problem isn't with credibility, but with valuation.Roblox (RBLX -1.56%) reported Q1 earnings last week, and the news was... disappointing. After beating expectations for both sales and earnings, the online gaming platform proceeded to warn that future growth in sales and "bookings" (essentially, sales of Robux virtual currency to users) won't be as fast as many investors hoped.That's not the kind of news that growth investors like to hear, and Roblox stock sold off hard after earnings -- bu ...