Piper Sandler raised the firm’s price target on Roblox to $52 from $50 and keeps an Overweight rating on the shares. The firm was impressed by the Roblox Investor Day that featured discussion around advertising, AI, model leverage, and about 20%-plus bookings growth. Advertising is expected to include a fullfunnel suite of products by 2025 with revenue at higher incremental margins than the core business.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RBLX: