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.
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