![]() Roblox ( / ˈ r oʊ b l ɒ k s/) is an online game platform and game creation system developed by Roblox Corporation that allows users to program games and play games created by other users. CNBC's Michael Bloom contributed to this report.Game creation system, massively multiplayer online RBLX YTD mountain Roblox stock has added nearly 4% from the start of 2023. "We expect patient investors to be rewarded by continued topline growth coming from the expansion of key user metrics, a slew of new product introductions and a more aggressive approach to cost control in future periods," he said. The analyst added that the large-scale stock sell-off Wednesday could present investors with a buying opportunity, with an upside-skewed risk/reward profile. "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," McKay said. Analyst Nick McKay attributed the earnings miss to "the data trackers, seasonality and stubbornness," and reiterated his conviction on the company's longer-term outlook. ![]() Daily active users on a year-over-year basis, however, increased 25%. Roblox missed on both the top and bottom line Wednesday, sending shares plummeting more than 20%. Wedbush's forecast implies more than 25.6% upside. The firm upgraded the gaming stock to outperform from neutral Wednesday, accompanied by a $37 per share price target. Wedbush isn't deterred after disappointing second-quarter results from Roblox. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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