BMO Capital analyst Brian Pitz raised the firm’s price target on Roblox (RBLX) to $160 from $155 and keeps an Outperform rating on the shares. The company delivered a very strong Q4, with Bookings 6.5% above Street forecasts, while the management also underscored the investments Roblox has made in AI, including developing over 400 models on the RBLX platform, the analyst tells investors in a research note.
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