Roblox Is Well Positioned To Take On Virtual World, Analyst Rates Stock Strong Buy
Portfolio Pulse from Lekha Gupta
Raymond James analyst Andrew Marok has initiated coverage on Roblox Corp (RBLX) with a Strong Buy rating and a price target of $41. Marok sees potential for long-term growth due to a shift towards video gaming among young people, expansion opportunities in international markets and older age groups, and the early stage of on-platform economy sophistication. He also expects margins to increase as the company's current investment cycle nears its end. RBLX shares are currently trading higher by 1.55% at $31.03.
October 27, 2023 | 6:21 pm
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Roblox Corp (RBLX) has been rated as a Strong Buy by Raymond James analyst Andrew Marok, who sees potential for long-term growth and margin increase. RBLX shares are currently trading higher by 1.55% at $31.03.
The Strong Buy rating and $41 price target from Raymond James analyst Andrew Marok indicates a positive outlook for Roblox Corp. This, along with the potential for long-term growth and margin increase, is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100