1. Home
  2. Upgrades
  3. Roblox Analyst Turns Bullish As ‘Trends Appeared To Materially Pick-Up In March’

Roblox Analyst Turns Bullish As ‘Trends Appeared To Materially Pick-Up In March’

7
0

Roblox Corp (NYSE:RBLX) has been ramping up its efforts to attract new advertisers to its platform.

The stock has been rangebound over the past couple of years, despite the company having addressed many of the investor concerns, according to JPMorgan.

The Roblox Analyst: Cory Carpenter upgraded the rating for Roblox from Neutral to Overweight, while raising the price target from $41 to $48.

The Roblox Thesis: The company has generated over 20% bookings growth in each of the past four quarters and management is targeting 100 to 300 basis points …

Full story available on Benzinga.com

Visited 7 times, 1 visit(s) today