Wedbush raised the firm’s price target on Roblox (RBLX) to $165 from $142 and keeps an Outperform rating on the shares. The firm views Roblox as the most compelling growth opportunity in the video game sector, given the flywheel from recent hit games; developer incentives, infrastructure improvements, and AI-driven discovery that are driving massive platform growth; genre expansion and aging up, which increase potential ad inventory; and pricing optimization across games and regions, driving improved revenue streams.
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Read More on RBLX:
- Roblox price target raised to $159 from $131 at BTIG
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