Morgan Stanley keeps an Overweight rating and $170 price target on Roblox (RBLX) while noting that the firm’s bull case values the stock at $300 per share. The company is a clear leader in the next generation of entertainment platforms with a path to over one billion users by 2030, the analyst tells investors in a research note. The firm adds that it sees parallels to user-generated content winners like YouTube while also citing Roblox’s “strong position in AI”.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBLX:
- KLAR, PLTR, SHOP, RBLX: Cathie Wood Bets on Fintech, Cuts Stakes in Top AI Plays, Including Palantir
- Midday Fly By: Delta beats, PepsiCo names new CFO
- Oracle initiated, Roblox upgraded: Wall Street’s top analyst calls
- Roblox upgraded to Neutral from Sell at MoffettNathanson
- Citi ups Roblox target, opens ‘upside 30-day catalyst watch’