Roblox Is Well Positioned To Take On Virtual World, Analyst Rates Stock Strong Buy

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.