Roblox significantly increases users, revenue, and bookings – Goldman Sachs analysts upgrade and see upside potential of 60% after a pullback

The stock of Roblox (RBLX,i) took a hit after the quarterly numbers were released on Thursday (October 30) within the sideways range. The downside is now being tested. Roblox is a platform that empowers creative users (Creators) to design and monetize their own games and experiences. Roblox primarily generates revenue through in-app purchases and virtual goods. The company has a vast creator ecosystem with many developers continuously providing new content. Its largest customers are not traditional companies, but rather millions of creators generating...