Piper Sandler raised the firm’s price target on Roblox (RBLX) to $180 from $175 and keeps an Overweight rating on the shares. On a visits per day basis, viral hit “Grow a Garden” has now been surpassed by “Steal a Brainrot” as the number one experience of all time, notes the analyst, who reports that top 10 visitor data in August accelerated again to up 260% year-over-year. Roblox continuing to get better at surfacing and promoting content gives the firm more confidence in the long-term platform opportunity, the analyst tells investors.
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