Citi raised the firm’s price target on Roblox to $53 from $46 and keeps a Buy rating on the shares. After a “rough” Q1, Roblox “rebounded nicely” in Q2, the analyst tells investors in a research note. The firm liked what it heard at the company’s developers conference, including enhancements spanning social, music, e-commerce and artificial intelligence. It increased estimates for 2025, saying Roblox’s lnog-term prospects “remain robust.”
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