• Roblox could jump 25% and offers investors exposure to multiple growth 'megatrends,' JP Morgan says

    10 days ago - By Business Insider

    Roblox CEO David Baszucki introduces one of the new Roblox games.
    Roblox
    JP Morgan's Alexia Quadrani tagged Roblox with an "overweight" rating and an $85 price target on Monday citing "megatrend" exposure.
    The price target implies a potential 25% jump in share prices from Tuesday's intraday low.
    A growing user base and increasing average revenue per user added to the analyst's bullishness.
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    Roblox stock could jump 25% and offers investors "exposure to multiple growth megatrends, including mobile gaming, social networking, user-generated content...
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