Wells Fargo raised the firm’s price target on Roblox (RBLX) to $76 from $58 and keeps an Overweight rating on the shares. The firm is also raising Q4 bookings growth by 2pts on FX Neutral basis as Roblox exits the year on a high. Wells looks for solid 2025 guidance of 20% reported bookings growth, despite FX headwind, and initial disclosure on platform ads.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio