Roblox price target raised to $124 from $73 at BTIG

BTIG analyst Clark Lampen raised the firm’s price target on Roblox (RBLX) to $124 from $73 and keeps a Buy rating on the shares. The firm is citing the beneficial near and medium-term impacts of the company’s Grow a Garden game, stating that it sees upside to FY25/FY26 estimates and potentially faster run-rate Bookings growth thanks to rising creator-side investment in the platform and a growing on-platform earnings opportunity, the analyst tells investors in a research note.