Investing.com -- Oppenheimer lifted its rating on Roblox Corp (NYSE:RBLX) shares to Outperform with a price target (PT) of $70. The upgrade comes in the wake of a recent decline in the stock, which ...

Analysts at Oppenheimer upgraded Roblox (NYSE:RBLX) to "outperform" froma previous investment rating of "market perform," as the recent fall in share prices opened up "an excellent entry point ...

As previously reported, Oppenheimer upgraded Roblox (RBLX) to Outperform from Perform with a $70 price target The firm believes the recent pullback in the stock has created an excellent entry ...

Roblox Corporation RBLX was sliding over 6% lower on Tuesday, in a possible overreaction to the SPDR S&P 500 SPY, which printed a new all-time high of $479.98 before falling slightly lower.

This means that Roblox is building a greater demographic of users closer to working and earning age, meaning further monetization probabilities beyond parent allowances act as a tailwind in the stock.

Yang highlighted several key points for the bullish outlook. The analyst expects revenue from programmatic video ads, a result of Roblox’s partnership with Google (NASDAQ:GOOGL) Ad Manager, to ...

The pullback “has created an excellent entry point for long-term investors,” said Martin Yang, senior analyst at Oppenheimer. Yang highlighted several key points for the bullish outlook.