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Why Roblox Stock Sank Today
On a net-income basis, Roblox is still losing considerable money. In Q3, the company had a net loss of $257 million, which was worse than its net loss of $240 million in the same quarter of last year.
Investment firm Morgan Stanley (MS), led by four-star analyst Matthew Cost, assigned a Buy rating to video game platform Roblox (RBLX) with a price target of $170, which implies about 33% upside from ...
Roblox's business continues to grow at a solid rate of around 30%. The company's operating loss came down significantly last quarter. Its operating cash flow has also been improving. There's no need ...
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