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Stock impact report

Here is Why Roblox Corporation (RBLX) is Favored by Hedge Funds [Yahoo! Finance]

Roblox Corporation Class A (RBLX) 
Company Research Source: Yahoo! Finance
Ken Gawrelski of Wells Fargo reaffirmed his bullish stance on Roblox Corporation (NYSE:RBLX). Gawrelski assigned a Buy rating on January 8, with a downward revision of the target price from $141 to $107. Despite that, the stock currently offers around 40% upside to investors. Copyright: artush / 123RF Stock Photo The analyst has predicted 26% growth in the coming year's booking, ranging between $7.9 billion $8 billion in total. These forecasts are now more aligned with consensus estimates, and the first quarter will most likely generate the highest growth. On December 10, B. Riley Securities analyst Drew Crum also initiated his coverage on Roblox Corporation (NYSE:RBLX). The analyst gave a Buy call with an estimated price target of $125, resulting in an impressive 64% upside potential. Crum cited his bullish views on the company's long-run fundamental prospects, which are backed by its advanced entertainment platform. Crum views Roblox Corporation (NYSE:RBLX) as leveraging th Show less Read more
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