The stock's growth-adjusted valuation also looks less attractive than others in the firm's coverage on a relative basis, analysts said.
Things aren't looking so good for Roblox , Atlantic Equities said. Analyst Kunaal Malde downgraded shares of Roblox to neutral, saying in a Tuesday note that flagging user engagement numbers suggest trouble ahead as the company tries to monetize its online gaming platform. "We believe Roblox is taking the right approach to increase focus on monetisation and YoY bookings trends should improve going forward as comps get easier," Malde said.
" Atlantic Equities also slashed its price target in half to $30 per share from $60. The new price target is in line with Monday's closing price for the company. The valuation is also "less attractive," according to the brokerage firm. Shares of Roblox may be down 70% year to date but the analyst noted that its competitors have done similarly. "[E]ven though the stock has performed poorly year-to-date, so have peers.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Nvidia’s data-center sales likely to eclipse gaming — that might not be a good thingNvidia’s data-center sales are expected to edge out gaming results as demand from server farms is high but gaming has softened from peak COVID-19 levels.
Lire la suite »
SELF Health Beauty Awards 2021: Best Face Moisturizers, Eye Creams, and Night CreamsSoften, smooth, and pamper your face.
Lire la suite »
PHOTOS: Texas jeweler Kendra Scott unveils engagement ring collectionPHOTOS: Texas jeweler Kendra Scott unveils engagement ring collection - KPRC2 Texas KendraScott
Lire la suite »
5 Ways to Drive Better Engagement Within Your Talent Marketplace | HackerNoon'5 Ways to Drive Better Engagement Within Your Talent Marketplace' marketplace customerengagement
Lire la suite »
Care and Feeding: My Son’s School Is Treating Him Really UnfairlyParenting advice on discrimination, pregnancy hormones, and equity among siblings.
Lire la suite »
Crypto Firms Launch Community-Powered Scam Reporting Platform 'Chainabuse' – Featured Bitcoin NewsBinance, Circle, and several other crypto firms have launched a new scam reporting platform. cryptocurrency bitcoin $BTC
Lire la suite »