Raymond James added Roblox (RBLX) to the firm’s Analyst Current Favorites List while keeping a Strong Buy rating on the shares with a $60 price target Roblox is very well-positioned to continue expanding its reach within the interactive entertainment sector, the analyst tells investors in a research note. The firm believes the combination of a “substantial outstanding user opportunity and plenty of room to increase monetization” of its users should lead to a long runway of 20%-plus annual sales growth.
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