April 8, 2021
Roblox (RBLX) the children’s hybrid social media/video game platform received nothing but praise and recommendations to buy from various Wall Street Analysts. Morgan Stanley, BofA, and Truist were vocal advocates of RBLX. Growing revenues were a large part of the fundamentals moving the stock up to $71 up from its March IPO of $45. Additionally, deals with Tencent are moving Roblox into a Chinese market that would vastly grow its clientele. Strike prices range from $78 to $100 as the future looks promising as RBLX plans education, concerts, and movie pairings.
(New York)
FINSUM + Magnifi: Roblox is a game-changer in children’s gaming. And integrated social media, which will bring a wide range of future engagements, make this less of a blip and more of a mainstay in gaming.
Other news today: Pay Attention to This Big Bear Market Warning Sign and Ecommerce Will Benefit from This Change to Consumer Spending
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