CMB Stock News Of The Day š°šļøšļøšš
- Yung Goonie
- Oct 14
- 1 min read
āRoblox Surges as Wall Street Boosts Confidence in Its Gaming Dominanceā š®ššØšØšØ
Roblox (RBLX $136.26, +6.25%) rallied Tuesday after Jefferies raised its price target on the gaming platform to $130 from $126, signaling continued confidence in the companyās growth trajectory ā even though the new target sits about 5% below Robloxās current share price.
Adding to the momentum, Morgan Stanley reiterated its bullish $170 price target, describing Roblox as one of gamingās largest āblack holesā ā a platform that captures massive player engagement and user spending. The firm also compared Robloxās role in interactive entertainment to YouTubeās dominance in user-generated video content, emphasizing its leadership in next-gen, community-driven gaming experiences.
Robloxās strong showing comes as the company continues to fuel record engagement through major in-game updates and seasonal events. Popular titles like āGrow a Gardenā and āSteal a Brainrotā have helped drive record activity.
According to third-party tracker RoMonitor, Steal a Brainrot reached over 25 million concurrent players this past Saturday, following the launch of its Halloween-themed update.
As Roblox cements its influence across gaming and the metaverse, investor optimism appears to be rising ā and Wall Street is taking notice.


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