Goldman Sachs upgraded Roblox (RBLX) to Buy from Neutral with a price target of $180, up from $155, following the Q3 earnings report. The company is seeing strength in bookings, revenue and daily active user growth, and management is optimistic surrounding the long-term scaling of the platform, the analyst tells investors in a research note. Goldman now sees upside the company’s forecasts, saying Roblox is positioned for long-term compounding and higher margins.
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