• Roblox could jump 25% and offers investors exposure to multiple growth 'megatrends,' JP Morgan says

    2 days ago - By Business Insider

    Summary List Placement Roblox stock could jump 25% and offers investors "exposure to multiple growth megatrends, including mobile gaming, social networking, user-generated content, and digital identity," JP Morgan analysts wrote on Monday.
    In a note to clients, analysts led by Alexia S. Quadrani said that Roblox is set to outperform due to its involvement in key megatrends, its rising user base, and increasing average revenue per user.
    The analysts initiated coverage of the online gaming platform with an "overweight" rating and an $85 price target in their note.
    The price target implies a...
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  • Roblox could jump 25% and offers investors exposure to multiple growth 'megatrends,' JP Morgan says

    Roblox could jump 25% and offers investors exposure to multiple growth 'megatrends,' JP Morgan says

    3 days ago - By Business Insider

    Roblox CEO David Baszucki introduces one of the new Roblox games.
    Roblox
    JP Morgan's Alexia Quadrani tagged Roblox with an "overweight" rating and an $85 price target on Monday citing "megatrend" exposure.
    The price target implies a potential 25% jump in share prices from Tuesday's intraday low.
    A growing user base and increasing average revenue per user added to the analyst's bullishness.
    See more stories on Insider's business page .
    Roblox stock could jump 25% and offers investors "exposure to multiple growth megatrends, including mobile gaming, social networking, user-generated content...
    Read more ...