Roblox price target raised to $158 from $133 at Oppenheimer

Oppenheimer raised the firm’s price target on Roblox (RBLX) to $158 from $133 on a higher multiple, while keeping an Outperform rating on the shares following quarterly results. While the game brought unprecedented player engagement growth with “simple” design and gameplay mechanics, monetization metrics have not deteriorated, the firm notes. Oppenheimer believes Roblox’s recent performance unlocked new appreciation of its user growth and monetization potential among more investors.