RBLX - Why Roblox Stock Is Up Today | Benzinga
Roblox Corp (NYSE:RBLX) shares are trading higher Tuesday after JPMorgan upgraded the stock from Neutral to Overweight and raised its price target from $41 to $48.
The Details: JPMorgan analyst Cory Carpenter upgraded Roblox from Neutral to Overweight and raised the price target from $41 to $48.
Carpenter noted the company has generated over 20% bookings growth in each of the past four quarters and said the company could report first-quarter bookings of $927 million, representing 20% year-on-year growth.
Also, Benchmark reiterated its Buy rating on Roblox and maintained a $50 price target, and Stifel maintained its Buy rating and $53 price target.
Roblox is set to report its first-quarter financial results on ...