“The model is unlike any we’ve encountered.” “Digital content creation and usage has emerged as one of the most popular forms of entertainment, which combined with Roblox’s large and growing ecosystem of users and developers, bodes well for the company,” Stifel noted. Stifel, a globally-recognized investment firm, is rating Roblox stock a “buy” with a price target of $85 and an upside of 18%. In fact, Roblox has created an ever-growing network and community that will drive its monetization. What many traders saw as just another gaming company has now become a viable investment with loads of upside. However, the stock began trading at $64.50 and ended its first day on the market at $69.50. The New York Stock Exchange (NYSE) set a reference price of $45 for Roblox stock before the initial public offering. In just short of a week, the gaming business was thriving on the market and grabbing a lot of attention in the process.Īnd this comes as no surprise after projections fell well below the opening trading price. Roblox (NYSE: RBLX) went public on March 10, 2021. However, will this growing company continue its rise on the market? Is it a smart investment for short or long-term investors? And investors are considering this online gaming platform for their portfolios as the stock price continues to soar. Roblox stock is making one headline after another since hitting the market.
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