BTIG raised the firm’s price target on Roblox (RBLX) to $159 from $131 and keeps a Buy rating on the shares. The company’s Q2 results and guidance exceeded “very healthy” pre-print expectations, the analyst tells investors in a research note. The developer community is also taking notice of a growing earnings opportunity on Roblox and the flywheel is more sustainable than a hit-driven – Grow-a-Garden, Steal a Brainrot – surge might otherwise lead people to believe, the firm added.
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Read More on RBLX:
- Roblox price target raised to $150 from $77 at Benchmark
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