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.
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Moreover, Marok says a relatively early stage of on-platform economy sophistication (like advertising starting to be realized) and ...