Roblox is up 50% month over month.
The company gave a warning that it's bookings were going to take a hit based on the strong dollar.
But the stock still is up 48% month over month.
There's also a note here indicating: Q2 and Q3 are going to be weak though that didn't deter them from the upgrade.
However, they “remain cautious on 2Q (and 3Q) as data from SensorTower indicates weakness in Core US/CAN avg. bookings/hour, suggesting games/Avatars did not improve significantly in Q2.”
Needham & Company and BoA securities recently upgraded it too.
Though it's a bit hard for me to figure out if those analyst upgrades are legit.
Any takes on what would be a good entry / exit price?
[ I have no current positions in RBLX ]
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