Roblox (RBLX) stock drops 7% as Q2 results trail analyst estimates
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Analysts rush to upgrade Roblox (RBLX) stock after earnings-fueled selloff
August 10, 2023 8:29 AM EDTRoblox (NYSE: RBLX) shares fell as much as 22% on Wednesday after the company delivered a soft earnings report for its second quarter.
This sell-off has been seen as an opportunity to upgrade RBLX shares at Morgan Stanley and Wedbush.
Morgan Stanley analyst Matthew Cost upgraded the stock to Equal Weight as he sees a more balanced risk-reward from current levels.... More
