While Roblox has been struggling with slower growth, Deutsche analysts believe the company will come out of the pandemic "structurally stronger" by adding more users and developers to its platform. The online gaming company's stock tumbled 6.6% in Thursday trading, though it has since gained 1.6% in premarket trading Friday. On Thursday, analyst Benjamin Black initiated a buy rating on Roblox and issued a $60 price target, roughly 45% above the closing price on the same day. Roblox shares have nearly 45% upside, Deutsche Bank analysts say, as they consider the online gaming platform an "early market leader," despite the recent pullback in stock price. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower This shows after the good earnings came out the stock saw a large increase in the amount of buyers in the market.Best Debt Consolidation Loans for Bad Credit ![]() The Relative Strength Index (RSI) shot higher Tuesday and now sits at 71.The 50-day moving average may hold as an area of support in the future for the stock.The stock trades above the 50-day moving average (green), indicating the stock is likely facing a period of bullish sentiment.Earnings came out and the stock saw the large breakout with a gap up higher. The price has been falling and been condensed between narrowing highs and lows and was hanging near pattern resistance for a while, hinting at a breakout.The stock saw an extremely large gap higher and broke out of what technical traders call a falling wedge pattern.Roblox was up 35.49% at $104.70 at last check. The company reported quarterly revenue of $509.3 million. ![]() The company reported a quarterly earnings loss of 13 cents per share, beating the estimate calling for a loss of 14 cents per share. RBLX shares were trading higher Tuesday after the company announced better-than-expected third-quarter earnings results.
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