FBN Securities initiated coverage of Roblox (RBLX) with a Sector Perform rating and $65 price target The firm views Roblox as best positioned in interactive entertainment but sees a “tough” near-term setup into the GTA VI and Switch 2 competitive launches. GTA VI is slated to release in the fall and will be the most disruptive entertainment launch since Fortnite, the analyst tells investors in a research note.
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