Citi 'Surprised' by Roblox Corp. (RBLX) Earnings Related Weakness

Citi analyst Jason Bazinet reiterated a Buy rating and $55.00 price target on Roblox Corp. (NYSE: RBLX) following results, saying they are surprised by the sell-off in the stock.

The analyst commented, "RBLX reported bookings that were ahead of the Street. Both Adj. EBITDA and DAUs were both generally in line with the Street. Based on these results, we are a bit surprised that the shares are indicated lower in the pre-market."

For an analyst ratings summary and ratings history on Roblox Corp. click here. For more ratings news on Roblox Corp. click here.

Shares of Roblox Corp. closed at $39.14 yesterday.

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