BTIG analyst Clark Lampen names Roblox (RBLX) as his BTIG Top Pick for first half of 2023, replacing AppLovin (APP) on that list. The company presents an attractive, long-term bookings and cash flow growth opportunity that could begin to take shape in the back half of 2023, with bookings growth also set to reaccelerate from a combination of improving payer conversion rates in the short term, the analyst tells investors in a research note. Lampen has a Buy rating and a $51 price target on the stock.
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Published first on TheFly
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