Roblox Stock Clears Buy Point On 'Growing Audience Platform' Amid 74% Run

Wells Fargo initiated Roblox at overweight with a 49 price target. It cited advertising upside from its "growing audience platform" as the reason for the upgrade.
The Dow Jones hit a record high as the S&P 500 and Nasdaq decisively cleared recent ranges and July peaks, fueled by the Fed signaling three rate cuts in 2024. Vertex surged on positive trial results for a new painkiller. Eli Lilly is setting up again. Samsara cleared a recent range after its earnings gap-up.

2024 Trend Check

2024 Trend Check

LionTree

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Roblox Stock Jumps on Strong Bookings Growth

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Roblox Stock: Impressive Rally, Unimpressive Risk/Reward (NYSE:RBLX)

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Roblox's stock slides as losses expand, bookings come up short - MarketWatch

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Roblox (RBLX) Stock Rises After Bookings, Revenue Beat Estimates - Bloomberg

Roblox Stock Drops as Bookings Decline. It Isn't Cheap, Analyst Says. - Barron's