B. Riley last night initiated coverage of Roblox (RBLX) with a Buy rating and $125 price target Roblox has built one of the premier next-generation entertainment platforms and is benefiting from two “mutually reinforcing network effects,” content and social, the analyst tells investors in a research note. Riley views Roblox as a core stock holding, citing its positive longer-term fundamental outlook. The firm recommends initiating or adding to positions following the 30% share correction.
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