LightShed Partners starts Roblox at Buy with $85 price target - InvestingChannel

LightShed Partners starts Roblox at Buy with $85 price target

As previously reported, LightShed Partners analyst Brandon Ross initiated coverage of Roblox (RBLX) with a Buy rating and $85 price target. Epic’s Fortnite, Roblox and Minecraft “have emerged as the dominant” platforms for gathering in virtual space and participating in 3D interactive experiences and it is clear that people will spend much more time in interactive space and that brand new experiences will emerge under the leadership of these platforms, Ross tells investors. The “category defining platforms should become massively valuable companies” and Roblox is the only of these companies in which public market investors can currently invest directly given that Minecraft is “buried inside” Microsoft (MSFT), Ross added.

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