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Roblox price target raised to $32 from $30 at Wedbush
The Fly

Roblox price target raised to $32 from $30 at Wedbush

Wedbush analyst Nick McKay raised the firm’s price target on Roblox to $32 from $30 and keeps a Neutral rating on the shares. The analyst is skeptical that Roblox can maintain its best-in-class valuation multiples over the near term unless it outperforms expectations in the future. McKay added that the company must improve its profitability by a significant amount, and must become and remain the de facto metaverse leader in the eyes of certain investors while defending its position against competitors of all sizes.

Published first on TheFly

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