BTIG analyst Clark Lampen keeps a Buy rating and $60 price target on Roblox but notes that Generative AI is likely to enhance ad adoption and bookings growth for the company after its recent demo of AI-driven improvements that are expected to reduce the barriers to creation. The firm also remains bullish on user growth potential and sees potential for nearly 100 million users on the platform and a high teens bookings CAGR long-term.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RBLX: