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Nov. 17, 2021, 6:27 a.m. EST

More Gains Ahead After Roblox and The Trade Desk's Surge

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    Roblox Corp. (RBLX)
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    Fox Corp. Cl B (FOX)

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Nov 17, 2021 (Baystreet.ca via COMTEX) -- Whenever a stock trades in a narrow range, it creates a buying opportunity for investors willing to bet on a break-out. That happened for two stocks in the last week. Roblox /zigman2/quotes/223883423/composite RBLX -1.41% , a gaming platform, and The Trade Desk /zigman2/quotes/207508089/composite TTD -0.38% , an advertising platform.

Roblox rose by 30% on Nov. 9 at market open when it posted strong bookings. Easing COVID-19 pandemic restrictions failed to hurt its growth in international markets. October data suggests that user growth will continue, engagement will rise, and monetization rates will outperform market expectations.

Q4 is usually a trough for Roblox. This time could be different. Roblox has strong user base growth momentum. It may disprove the most bullish analysts as the stock heads to at least $120.

TTD stock rallied like RBLX when it posted Q3 results. Revenue grew by 39% Y/Y. It benefited from growth across all channels. The connected TV business benefited from the permanent shift of viewers from traditional TV cable to new digital. Streaming services are also enjoying a higher audience count. Advertisers who set campaigns for the first time are embracing the new medium.

TTD set a Q4 revenue forecast of $388 million. Adjusted EBITDA is around $175 million. The strong margins set TTD from old media. Investors should be wary of stocks like Fox /zigman2/quotes/209921865/composite FOX +2.33% , ViacomCBS /zigman2/quotes/200340870/composite VIAC +1.74% , and AT&T /zigman2/quotes/203165245/composite T +1.42% while TTD's ad platform continues to grow.

COMTEX_397121113/2559/2021-11-17T06:27:20

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/223883423/composite
US : U.S.: NYSE
$ 79.05
-1.13 -1.41%
Volume: 18.64M
Jan. 14, 2022 4:01p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$45.76 billion
Rev. per Employee
N/A
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/zigman2/quotes/207508089/composite
US : U.S.: Nasdaq
$ 75.47
-0.29 -0.38%
Volume: 4.79M
Jan. 14, 2022 4:00p
P/E Ratio
77.41
Dividend Yield
N/A
Market Cap
$36.27 billion
Rev. per Employee
$725,420
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/zigman2/quotes/209921865/composite
US : U.S.: Nasdaq
$ 37.70
+0.86 +2.33%
Volume: 1.14M
Jan. 14, 2022 4:00p
P/E Ratio
12.68
Dividend Yield
1.27%
Market Cap
$22.54 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/200340870/composite
US : U.S.: Nasdaq
$ 36.82
+0.63 +1.74%
Volume: 10.26M
Jan. 14, 2022 4:00p
P/E Ratio
7.19
Dividend Yield
2.61%
Market Cap
$24.02 billion
Rev. per Employee
$1.24M
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/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 27.18
+0.38 +1.42%
Volume: 54.85M
Jan. 14, 2022 4:03p
P/E Ratio
223.70
Dividend Yield
7.65%
Market Cap
$194.09 billion
Rev. per Employee
$754,770
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