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Roblox price target raised to $52 from $48 at Jefferies

Jefferies analyst Andrew Uerkwitz raised the firm’s price target on Roblox to $52 from $48 and keeps a Buy rating on the shares ahead of the company release its final monthly metrics of the first quarter on April 17. The firm expects March bookings to reaccelerate further to 24% year-over-year growth, pushing Q1’s figure to 22% year-over-year growth.

Published first on TheFly

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