Roblox Reports Second Quarter 2024 Financial Results

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Go back to Roblox Reports Second Quarter 2024 Financial Results

Roblox Corp. (RBLX) PT Raised to $38 at Morgan Stanley

August 1, 2024 4:07 PM EDT

Morgan Stanley analyst Matthew Cost raised the price target on Roblox Corp. (NYSE: RBLX) to $38.00 (from $35.00) while maintaining a Equalweight rating.

The analyst comments "RBLX's 2Q results marked a clear trajectory shift from the (ultimately transitory) weakness the business saw in April. While results... More

Roblox hikes 2024 revenue, bookings forecast as Q2 print tops estimates; shares up

August 1, 2024 8:21 AM EDT

Shares in video game developer Roblox (NYSE: RBLX) rose more than 3% ahead of Thursdays market open after the company hiked its revenue and bookings outlook for the full fiscal 2024.

For Q2 2024, Roblox reported a loss per share of 32 cents, which was better than the estimated loss of 39 cents per... More