Analysts Praises Roblox Stock's Long-Term Outlook

Roblox Corp (NYSE:RBLX) is 2.8% higher in premarket trading, after Morgan Stanley upgraded shares to "overweight" from "equal weight" and raised its price target to $65 from $38. In its bull note, the analyst said the video game developer's growing audience could help RBLX more than double. In addition to Morgan Stanley's upgrade, Roth MKM and Deutsche Bank hiked their price targets to $54 and $60, respectively. There's room for more upgrades too, considering nine of 24 covering brokerages rate the equity a ...