JPMorgan raised the firm’s price target on Roblox (RBLX) to $72 from $62 and keeps an Overweight rating on the shares. The firm top picks in small cap internet and video games heading into 2025 are Take Two (TTWO) and Xometry (XMTR). After a disappointing start in 2024, Roblox bookings accelerated in Q2 and Q3 and the company appears poised to enter 2025 with broad-based momentum across geographies, engagement, and monetization, the analyst tells investors in a research note.
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