Roblox Won Over a Wall Street Bear. The Stock Still Dipped.

Roblox


‘s latest earnings report sent shares surging earlier this week. The report also convinced a bearish analyst on Thursday to move to the sidelines.

Benchmark analyst Mike Hickey upgraded Roblox stock (ticker: RBLX) to Hold from Sell in a Thursday note. He also pulled his $21 target because Benchmark doesn’t assign targets to Hold-rated stocks.