Keep an eye on Roblox (RBLX).

Over the last few days, the gaming stock plunged from about $37 to $30.51 on earnings. In its second quarter, the company posted a net loss of 46 cents, as compared to expectations for a loss of 44 cents. Bookings were $780.7 million, up from $639.9 million a year ago. Unfortunately, it missed analyst expectations for $787.4 million.

However, don’t count the stock out just yet. Technically oversold, the stock was just upgraded by Morgan Stanley to equal weight.  The firm notes that RBLX shares “now fairly reflect” near-term headwinds. Wedbush Securities analyst Nick McKay also upgraded Roblox to outperform from neutral, noting that issues like data trackers, seasonality and “stubbornness” contributed to the mixed second-quarter.

RBLX last traded at $30.38.  Moving forward, we’d like to see the stock refill its bearish gap around $37 shortly.