Is Roblox Stock Going to $56? 1 Wall Street Analyst Thinks So.
Roblox(RBLX) The Motley Fool·2024-05-15 10:16Can profit margins expand fast enough to support this growth stock's lofty valuation?Investors looking for bargains might want to turn their attention to Roblox (RBLX 2.26%).Shares of the company behind the user-centric gaming platform fell by about 20% after management relayed some news that disappointed most Wall Street analysts.Bucking the trend, BMO Capital's Brian Pitz expects strong profit growth in the quarters ahead, despite a lowered outlook for quarterly bookings for the rest of 2024.Pitz recently ...