Morgan Stanley Reiterates Underweight Rating on Roblox Corp. (RBLX)
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Roblox (RBLX) remains Underweight at Morgan Stanley following in-line February metrics
March 16, 2023 10:28 AM EDTMorgan Stanley reiterated an Underweight rating and $26.00 price target on Roblox Corporation (NYSE: RBLX) after the video game company reported February metrics that were in line with expectations.
Robloxs monthly bookings/DAUs came in 1%/2% ahead of estimates, while hours came in 7% below prior estimates. February marks the second consecutive month of ~20% y/y bookings growth.
Analyst, Matthew Cost wrote in a... More
