RBLX Stock Price: $103 Target By Truist

By Amit Chowdhry ● Jun 1, 2021
  • 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.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.