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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBLX:
- Roblox price target raised to $165 from $142 at Wedbush
- Roblox price target raised to $159 from $131 at BTIG
- Roblox price target raised to $150 from $77 at Benchmark
- Roblox price target raised to $160 from $125 at Canaccord
- Roblox’s Strong Performance and Strategic Adjustments Support Buy Rating with Increased Price Target