- The shares of Roblox Corp (NYSE: RBLX) have received a price target increase from $83 to $103 by Truist. These are the details.
The shares of Roblox Corp (NYSE: RBLX) have received a price target increase from $83 to $103 by Truist. And Truist analyst Matthew Thornton is maintaining a “Buy” rating on the company shares.
Thornton noted that the company’s first quarter bookings were 14% above consensus and the second quarter bookings are tracking at least mid-single-digit percent above the consensus. The investor focus will likely remain around the performance in China, new platform features , and extensions like learning and entertainment.
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