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The Latest Breaking News from Omar Dessouky

Magnitude Of Roblox's Q2 Beat Unexpected, Says Analyst

Roblox Corp (NYSE:RBLX) is experiencing a significant market shift, with second-quarter bookings and user engagement metrics signaling a robust recovery, despite a mixed financial report.

AppLovin Stock Surges As Analysts Show Their Love

AppLovin Stock Surges As Analysts Show Their Love

AppLovin stock roared higher on Monday after getting a pair of bullish analyst reports. AppLovin shares hit a record high on the news.

Investors Business Daily

AppLovin Stock Soars On Price-Target Hike For AI, E-Commerce Growth

AppLovin Stock Soars On Price-Target Hike For AI, E-Commerce Growth

AppLovin stock surged after getting a bullish report from BofA Securities on prospects for advertising and e-commerce growth.

Investors Business Daily

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DoubleVerify Digital Ad Tools Scale Up At Meta Platforms

DoubleVerify, the IBD Stock of the Day, on Wednesday said its digital ad verification products are live at Meta Platform's Instagram Feed.

Investors Business Daily

'Negative Short-Term Catalyst': Take-Two Hack Leaves Analysts Agape On 'Grand Theft Auto 6' Game Leak

The highly anticipated Grand Theft Auto 6 video game from Take-Two Interactive Software Inc (NASDAQ: TTWO) was officially confirmed by the company earlier this year b

Why Merger Talks Between Electronic Arts And NBCUniversal Failed: Who's A Potential Buyer?

Electronic Arts Inc. (NYSE: EA) shares traded higher by 1.5% on a down day in the market on Tuesday following unconfirmed media reports that EA has been aggressively pursuing a sale of the company.

BofA Reinstates Coverage Of EA & Take Two

While the COVID-driven joiner-churn in the interactive media sector is likely to have subsided, increases in gamer budgets may persist, according to BofA Securities.

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Here's Why BofA Calls Roblox 'Category Leader' In The Emerging Metaverse Media Category

Here's Why BofA Calls Roblox 'Category Leader' In The Emerging Metaverse Media Category

BofA analyst Omar Dessouky reinstated coverage of Roblox Corp (NYSE:RBLX) with a Buy rating and $84 price target, calling the company the "category leader" in the emerging "Metaverse" media category. The price target implies an upside of 20.8%. Roblox has no "old media" businesses to cannibalize and invests 100% of its resources exclusively towards leadership…

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