Roblox price target raised to $116 from $78 at Wells Fargo

Wells Fargo raised the firm’s price target on Roblox (RBLX) to $116 from $78 and keeps an Overweight rating on the shares. Developer and agency checks suggest the platform poised for ad acceleration in late 2025, with the hit game Grow a Garden adding 10 points to FY25 bookings, the analyst tells investors in a research note.