TD Cowen raised the firm’s price target on Roblox to $31 from $27 and keeps an Underperform rating on the shares. The firm said they posted a solid beat but thinks their dependencies on user-generated content and equity compensation are potential soft spots in the operating model.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RBLX: