RBLX - Roblox Is Well Positioned To Take On Virtual World Analyst Rates Stock Strong Buy | Benzinga
Raymond James analyst Andrew Marok initiated coverage on Roblox Corp (NYSE: RBLX) at Strong Buy and a price target of $41.
The analyst sees several factors suggesting long-term growth, which includes a shift towards video gaming in young people's entertainment time budget and opportunities for expanding the user base in international markets and older (age 17-24+) cohorts.
Also Read: Roblox China Unit Faces Layoffs as Operational Challenges Mount
Moreover, Marok says a relatively early stage of on-platform economy sophistication (like advertising starting to be realized) and ...