Roblox Usage Climbs Among US Teens: Analyst Raises Target To $54
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2024
0mins
Source: Benzinga
Roblox Stock Performance: Roblox shares have increased by 3.97% to $42.12 following an upgrade from Piper Sandler analyst Thomas Champion, who raised the price target to $54.00 and noted a rise in teen engagement with the platform.
Response to Allegations: In response to a short report claiming misleading user metrics and safety concerns, Roblox denied the allegations and defended its methodology for calculating daily active users, asserting that it accurately reflects platform engagement.
Analyst Views on METV
Wall Street analysts forecast METV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for METV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 18.900
Low
Averages
High
Current: 18.900
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
