Is Roblox Stock Going to $56? 1 Wall Street Analyst Thinks So.
Can 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 rece ...