TipRanks

Morgan Stanley Pounds the Table on Roblox Stock

Following Roblox’ (RBLX) excellent Q3 showing, Morgan Stanley analyst Brian Nowak said his RBLX model was under review. Well, that assessment period is now over, and Nowak’s deep dive has merited a new price target. The figure rises from $88 to $150, suggesting shares have room for another 25% uptick from current levels. Unsurprisingly, Nowak’s rating remains an Overweight (i.e. Buy). (To watch Nowak’s track record, click here) So, what’s behind the positive outlook, then? “RBLX’s 3Q results and