Stifel analyst Drew Crum raised the firm’s price target on Roblox (RBLX) to $60 from $49 and keeps a Buy rating on the shares after the company reported better-than-expected Q3 results and for the second consecutive quarter raised guidance for FY24, leading the firm to increase estimates in response.
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>>
Read More on RBLX: