$Roblox (RBLX.US)$ Roblox stock closed down 9.03% on Wednesd...
$Roblox (RBLX.US)$ Roblox stock closed down 9.03% on Wednesday and continued its decline on Thursday, closing down nearly 3%. $JPMorgan (JPM.US)$ analyst Alexia Quadrani thinks the selling looks overdone and has an "overweight" rating on the stock with a price target of $123. Roblox booked between $208 million and $211 million in November, below Quadrani's forecast of $229 million. Daily active users rose 5% month-on-month, compared with Quadrani's forecast for 10% growth. Average daily active user bookings (ABPDAU) also missed expectations, growing only 5% sequentially, compared with Quadrani's forecast of 9%.
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alexjst : The analysts underestimated the impact of the 3-day outage. Also 10% month to month growth which translates to 314% YOY growth is outrageous - no one can do that.
Evelynne : Stock is holding above the $95 support level. Making a bounce above $100 on friday. Calls above $105
Hummphry : Bank stocks have multiple rate hikes priced in and the smart money abandoned ship a few weeks ago.
Multiple rate hikes will crash the market.
Bank bulls are in a lose/lose situation.