Roblox price target raised to $103 from $86 at BofA

BofA raised the firm’s price target on Roblox (RBLX) to $103 from $86 and keeps a Buy rating on the shares. Roblox’s core business will likely exceed 20% year over year growth through 2027, Q2 will likely significantly exceed guidance and the Q3 deceleration should be better than expected, the analyst tells investors in a research note. The firm expects to see talent and capital flow into the Roblox ecosystem faster than mobile app and console games for the foreseeable future.