BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Roblox Stock Surges on Analyst Optimism Despite Legal Challenges
Roblox Stock Surges on Analyst Optimism Despite Legal Challenges
12
3
BTCCSquare news:
Roblox Corporation (RBLX) shares jumped 7.8% following a bullish endorsement from Wedbush analyst Alicia Reese, who sees nearly 30% upside potential despite ongoing litigation risks. The gaming platform, popular among younger demographics, faces allegations from Louisiana's Attorney General regarding child safety concerns.
Reese maintains Roblox as the video game sector's "most compelling" growth story, citing strong engagement metrics from titles like Grow a Garden and Steal a Brainrot. The company reaffirmed its Q3 bookings growth forecast of 41-45%, though profitability remains elusive with consistent annual losses.
By:
