![]() Stifel, a globally-recognized investment firm, is rating Roblox stock a “buy” with a price target of $85 and an upside of 18%. In fact, Roblox has created an ever-growing network and community that will drive its monetization. ![]() What many traders saw as just another gaming company has now become a viable investment with loads of upside. However, the stock began trading at $64.50 and ended its first day on the market at $69.50. ![]() The New York Stock Exchange (NYSE) set a reference price of $45 for Roblox stock before the initial public offering. In just short of a week, the gaming business was thriving on the market and grabbing a lot of attention in the process.Īnd this comes as no surprise after projections fell well below the opening trading price. Roblox (NYSE: RBLX) went public on March 10, 2021. However, will this growing company continue its rise on the market? Is it a smart investment for short or long-term investors? And investors are considering this online gaming platform for their portfolios as the stock price continues to soar. ![]() Roblox stock is making one headline after another since hitting the market. ![]()
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