MoffettNathanson analyst Clay Griffin upgraded Roblox (RBLX) to Neutral from Sell. While the firm still struggles to “make sense of the valuation,” it notes that user metrics have “exploded higher” and that the inflection has been driven by new, viral experiences. Roblox is “playing a different game” and competition is few and far between for experiences that lean into quick, socially driven, and “viral” interactive experiences, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBLX:
- Citi ups Roblox target, opens ‘upside 30-day catalyst watch’
- Game On: Xbox hikes Game Pass Ultimate price by 50%
- Roblox Stock (RBLX) Falls on Concerns over Slowdown in Bookings Growth
- Roblox sinks after M Science flags slowing bookings growth
- No jobs report amid shutdown, Apple pulls ICEBlock from App Store: Morning Buzz