B.Riley analyst Drew Crum initiated coverage of Roblox (NYSE: RBLX) stock with a buy rating and a $125 price target this morning. “Roblox has built arguably one of the premier next-generation entertainment platforms,” writes Crum, and is “benefiting from two mutually reinforcing network effects, content and social, often drawing parallels to YouTube.”
Unimpressive Q3 earnings and “tepid near-term guidance” have depressed Roblox stock, but Crum insists Roblox should be “a core holding,” and he recommends “initiating or adding to positions following a -30% correction.” Over time, Crum expects Roblox to capture 10% or more of the global videogaming market. As that happens, he predicts 20% annualized growth in bookings (that’s sales of Robux, which convert to revenue and profit as they’re spent).
Roblox stock opened 0.4% lower despite the report, and still falling, already down more than 2%. Really, the whole market looks kind of depressed this morning, as investors await news of the Fed’s next interest rate move. The Vanguard S&P 500 ETF is still basically at 0.0% change from yesterday’s close.
Continuing with earnings news, popular pet food e-tailer Chewy’s (NYSE: CHWY) beat earnings by a couple cents this morning. Q3 profit was $0.32 per share and sales edged out forecasts at just over $3.1 billion.
CEO Sumit Singh said: “Chewy continues to outperform the pet category and expand market share, with profits once again growing faster than sales,” and momentum is building.
Management raised the floor on its sales and earnings guidance for the full year. Previously expecting $12.5 billion to $12.6 billion in sales, and an EBITDA margin between 5.4% and 5.7%, Chewy now says sales will be at least $12.58 billion, and margins at least 5.6%.
Chewy stock is up about 6.5% premarket.
Live coverage has ended. The full story is below.
This article will be updated throughout the day, so check back often for more daily updates.
Today’s the day. For the past 48 hours or so, the Federal Open Market Committee has been meeting and debating whether to lower interest rates one final time this year. This afternoon, the decision will be made.
About 90% of pundits polled seem to be confident the answer will be: Yes. But the very fact that this is not a surprise means investors aren’t reacting much to the prospect of good news. Premarket, the Vanguard S&P 500 ETF (NYSEMKT: VOO) is precisely flat, neither up nor down even 0.1%.
In earnings news, meme stock GameStop (NYSE: GME | GME Price Prediction) missed earnings by a nickel last night, reporting a Q3 profit of $0.13 per share. Sales likewise fell far short of estimates at $821 million. The stock is down nearly 5% premarket.
Cracker Barrel (Nasdaq: CBRL) also missed, by six cents, following its signage debacle earlier in the quarter. The company lost $0.74 per share in Q1 2026, and revenue was a weak $797.2 million.
Cracker Barrel also guided below estimates for the full year, saying sales will range from $3.2 billion to $3.3 billion, not the $3.4 billion that was expected — and Cracker Barrel stock is down nearly 4% premarket.
Rounding out the bad news, military drones manufacturer AeroVironment (Nasdaq: AVAV) missed by 35 cents last night, reporting fiscal Q2 2026 profit of only $0.44. Revenue beat expectations at $472.5 million, but guidance didn’t. Management warned that it might miss analysts’ forecast $2 billion in sales this year; sales might be as low as $1.95 billion.
AeroVironment stock is down more than 5%.
Contact [email protected] for any questions or corrections.
Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
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