Deutsche Bank downgraded Roblox stock to Hold with a price target of $38, signaling a potential 22% drop from current levels. Roblox reported mixed Q2 results with a smaller-than-expected loss but revenues slightly below estimates. The company expects revenue growth to slow significantly to 4-10% in the current quarter, raising concerns about future growth. This downgrade reflects caution among analysts despite some positive earnings news, leading to a 3% stock price decline on the day.
Roblox reported stronger-than-expected engagement in Q3, driven by the popular game Steal an Egg, leading Wedbush to raise its bookings and EBITDA estimates for the quarter. Despite a 7% year-over-year decline in total platform hours, excluding fadin...
GameStop shares rose 4% to $25.47, extending a 33% monthly rally as its warrant deadline with a $32 exercise price nears at the end of October. Despite trading below the warrant strike, insider Ryan Cohen continues buying shares, signaling confidence...
Unity's CEO announced a new game creation platform, Unity Spark, developed with Google, aiming to launch on web and mobile before expanding to consoles. This vision highlights Unity's strategy to attract creators from free tools to paid development s...
Unity Software's stock jumped 4% following a new AI-powered game creation partnership with Google, introducing a free tool that allows users to build games without coding. This move challenges Roblox, whose shares fell 3%, as Google's tool targets th...
