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Is Roblox stock poised to rally soon?
So there is sort of a pause in that rally," Fiona Cincotta ... flat as a pancake after gains in travel-related and healthcare stocks offset commodity-linked weakness. Positive headlines on ...
Is it too late to buy Roblox stock?
Roblox has a market capitalization of US$37b, so it's too big to fly under the radar ... It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you ...
Are Roblox stocks doing good?
Roblox Corporation ... the RBLX stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 1 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as ...
Should you buy rblx stock?
Roblox Corporation finds support from accumulated volume at $73.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This stock has average movements during the day and with good trading volume, the risk is considered to be medium.
Is Roblox stock a good 2022 buy?
NYSE: RBLX Management had earlier noted that it expected the declines could reverse in the middle of 2022. If Roblox updates investors and informs them that trends have turned upward, it could be an excellent time to buy the stock.
Is Roblox a good stock to buy now?
The company is a great buy as young gamers spend more time on the platform. But even after falling from the $141.60 high set in November 2021, the stock could get cheaper. The market will remain irrational longer than some will expect. Stockholders will need to wait out the storm and keep their long position in Roblox.
Will Roblox stock recover?
A rebound in RBLX's shares is likely to happen in 2H 2022, when the company's bookings growth accelerate again benefiting from an easier base for comparison. But a recovery to the $70 price level is quite challenging considering the implied valuation multiples and the weakness in Roblox's US & Canada region.
Is Roblox a buy Zack?
Zacks' proprietary data indicates that Roblox Corporation is currently rated as a Zacks Rank 3 and we are expecting an inline return from the RBLX shares relative to the market in the next few months.
What happened
Shares of Roblox ( RBLX 9.68% ) plunged 26% on Wednesday after the game development company reported disappointing fourth-quarter results.
So what
Roblox's revenue soared 83% year over year to $568.8 million. The gains were fueled in part by a 33% increase in average daily active users (DAUs) to 49.5 million, and a 28% increase in hours engaged, to 10.8 billion.
NYSE: RBLX
Worse still, Roblox delivered a larger-than-expected net loss of $0.25 per share. Wall Street's estimates had called for a loss of only $0.13.
Now what
Roblox expects a further deceleration in its growth in the first quarter of 2022. The company said its revenue growth slowed to roughly 65% in January, while its bookings rose just 2% to 3%.
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