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Benchmark Upgrades Roblox Corp. (RBLX) to Buy, 'Solid Growth Opportunity'

May 11, 2023 6:15 AM EDT

Benchmark analyst Mike Hickey upgraded Roblox Corp. (NYSE: RBLX) from Hold to Buy with a price target of $45.00.

The analyst comments "RBLX delivered a mixed F1Q23 financial result, missing consensus view on profitability in the quarter, but delivered strong net bookings growth and a solid return to positive operating... More