Roblox price target raised to $150 from $77 at Benchmark

Benchmark raised the firm’s price target on Roblox (RBLX) to $150 from $77 and keeps a Buy rating on the shares following “exceptional” Q2 results that outperformed Street expectations “across all key metrics.” The firm believes Roblox’s business has “entered a new phase of breakout velocity,” with multiple monetization engines scaling in parallel, the analyst added in a post-earnings note.