Roblox price target raised to $55 from $50 at Roth MKM

Roth MKM raised the firm’s price target on Roblox to $55 from $50 and keeps a Buy rating on the shares after its “strong” Q4 results. The company is benefiting from an aging audience and an expanding and maturing international user base, both of which are leveraging the platform’s more compelling content and features along with broader device connectivity, the analyst tells investors in a research note.