Why Roblox Stock Popped Today
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Roblox's stock surged 7.8% after a positive rating from Wedbush analyst Alicia Reese, who predicts a potential 30% increase over the next year. Despite ongoing legal challenges, Reese considers Roblox a leading growth stock in the gaming sector. The company maintains a forecast of 41% to 45% bookings growth for Q3, but it has yet to turn a profit and is expected to continue losing money through 2029. The stock's high price-to-free cash flow ratio raises concerns, leading some analysts to recommend selling.
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