Noor Ul Ain Rehman
1 min read
In This Article:
Roblox Corporation (NYSE:RBLX) is one of the 10 Hot Large Cap Stocks to Buy Now. On June 12, Wedbush raised the firm’s price target on Roblox Corporation (NYSE:RBLX) to $110 from $91, keeping an Outperform rating on the shares. The firm stated that it sees the company as the most compelling growth opportunity in the video game sector, primarily because of its expanding user base, potential to uncover additional profit drivers in its business, and the range of upcoming and new products.
A person taking lessons through Roblox Education, expanding their knowledge and skills.
Its Grow a Garden is driving significant engagement growth in Q2, and the firm anticipates this trend to continue into Q3 across other games as the summer vacation period approaches. Roblox Corporation (NYSE: RBLX) has also formed a new rewarded ad format partnership with Google, positioning it to boost ad revenue growth.
Roblox Corporation’s (NYSE: RBLX) platform comprises the Roblox Client, Roblox Studio, and Roblox Cloud. Roblox Studio is an app that allows users to explore digital 3D worlds, while Roblox Studio is a toolset used by creators and developers to publish, build, and operate 3D experiences and other content. Roblox Cloud encompasses the infrastructure and services powering human co-experience platforms.
While we acknowledge the potential of RBLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
