Roblox Rebounded Nearly 5% in Morning Trading After Tumbling 21.94% Yesterday

Tiger Newspress2023-08-10

Roblox Corporation rebounded nearly 5% in morning trading after tumbling 21.94% yesterday.

Wedbush upgraded it to outperform from neutral.

“On balance, however, Roblox may have the most compelling growth trajectory among the video game names in our coverage universe after taking into account its user base size, its new products, and the potential to revisit its approach to profits.” Wedbush wrote.

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