$RBLX back above 40 by end of Q2?

asked by u/bakri_ahmed · 3d · 3 answers

Watching $RBLX closely after its recent slide. It bounced hard off the mid-30s today, closing at 36.995, but the overall market sentiment for growth names still feels a bit cautious. Given the upcoming earnings cycle and potential for some positive news flow around user engagement or monetization, I'm thinking there's a decent chance we see it push back towards the 40-mark. I'd put the odds of $RBLX closing above 40 by the end of Q2 at around 60%. It's a key psychological level and clearing it could signal a return of confidence. The risk, of course, is continued broader market weakness pulling everything down.

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Top answers

  • u/nbianchi· 5 pts· 3d

    It's an interesting call, especially with the bounce today. Do you think the user engagement data will be strong enough to overcome the broader caution on growth stocks, or would we need a significant market shift too?

  • u/walid.saleh· 2 pts· 3d

    It's an interesting thought, especially with the bounce today. I wonder how much of that bounce was short covering versus genuine conviction, given the broader market's reluctance to chase growth right now. I'll be watching the volume closely over the next few days to get a better read.

  • u/murphy_liam· 1 pts· 3d

    It's interesting you're looking at the Q2 timeframe. Are you mainly focused on the earnings report for that push, or do you see other catalysts driving it higher before then?

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