Roblox Corp (NYSE: RBLX) is already down close to 60% for the year but a MoffettNathanson analyst warns there’s way more downside that’s yet to materialise.
Roblox stock could crash to $19
On Monday, Clay Griffin initiated the game company with an “underperform” rating and said the stock could tumble further to $19 – about a 45% downside from here.
ທ່ານ ກຳ ລັງຊອກຫາຂ່າວໄວ, ຄຳ ແນະ ນຳ ທີ່ຮ້ອນແລະການວິເຄາະຕະຫລາດບໍ? ລົງທະບຽນ ສຳ ລັບຈົດ ໝາຍ ຂ່າວ Invezz, ມື້ນີ້.
He agreed the platform was positioned to benefit from the oh-so popular "ປຽບທຽບ" narrative but said:
We’re just not sure Roblox’s reality will be as grand as its vision. In a market looking for less evangelism and more meat on the bone, there’s plenty of room for the market to lose confidence.
In its latest reported quarter, Roblox lost 1.9 million daily active users (sequentially), suggesting the pandemic boost may not be very sustainable. (ອ່ານຕື່ມ)
Short interest in the Roblox stock currently stands at about 9.0%.
Roblox is yet to turn a profit
ບໍລິສັດ Roblox Corp, at its core, is still an “unprofitable” tech name, which, as per Griffin, makes it all the more inappropriate for the current environment. His note reads:
True profitability remains years away. So, Roblox shares have heightened sensitivity to prevailing interest rates. Given that disconnect and our skepticism of its blue-sky scenarios, the risk is skewed much more to the downside.
ໃນເດືອນກັນຍາ 21st, the U.S. central bank signalled another 125 to 150 basis points of rate hikes in the coming months. (ແຫຼ່ງ)
Last week, retail behemoth Walmart Inc ເກັບໄວ້ Roblox Corp to launch two metaverse experiences.
ຄັດລອກພໍ່ຄ້າຜູ້ຊ່ຽວຊານໄດ້ຢ່າງງ່າຍດາຍກັບ eToro. ລົງທຶນໃນຮຸ້ນເຊັ່ນ Tesla & Apple. ຊື້ຂາຍ ETFs ທັນທີເຊັ່ນ FTSE 100 & S&P 500. ລົງທະບຽນໃນນາທີ.
10/10
68% ຂອງບັນຊີ CFD ຂາຍຍ່ອຍຈະເສຍເງິນ