Roblox (NYSE:RBLX) shares rise after Arete sets $95 target, cites older-player market at $68 billion
Roblox Corporation jumped 14.2% to $54.30 Monday afternoon after Arete Research switched to a bullish call on the videogame company. Shares reached as high as $55.32 during the session. Volume was at 10.2 million, putting Roblox's market cap at $38.65 billion. Arete’s David Mak upgraded Roblox to Buy from Neutral and bumped his price target up to $95 from $75. The firm said “at $45, Arete is a buyer.” Its 2027 bookings forecast now sits 5% above consensus, as reported by The Fly.