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Roblox price target raised to $50 from $48 at Canaccord

Canaccord analyst Jason Tilchen raised the firm’s price target on Roblox to $50 from $48 and keeps a Buy rating on the shares. The firm said at its annual Investor Day, Roblox detailed its vision for how recent AI advancements will accelerate content creation on the platform along with a variety of other product improvements.

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