Roblox price target raised to $150 from $135 at BMO Capital

BMO Capital raised the firm’s price target on Roblox (RBLX) to $150 from $135 and keeps an Outperform rating on the shares. The company delivered a massive beat against elevated expectations, as several viral experiences drove 12.5% upside to Bookings in Q2, the analyst tells investors in a research note. The management also indicated that Grow a Garden monetizes as well as the typical game on the platform, putting a key bear thesis to bed, the firm added.