Roth Capital analyst Eric Handler raised the firm’s price target on Roblox (RBLX) to $146 from $138 and keeps a Neutral rating on the shares. The firm is citing the ongoing strength from more sophisticated game development, improved discovery, and better monetization, which is driving increased user growth and greater engagement, the analyst tells investors in a research note. Roth adds however that while it is positive on the continued evolution and innovation taking place with Roblox, it does not see enough upside right now in the shares to take a more constructive view.
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