Goldman Sachs analyst Michael Ng has set a $81 price target for Roblox after assigning the online video game a “buy” rating, according to The Fly. The premium rating reflects Roblox’s faster growth, high incremental margins, and growing profitability.
NG acknowledges Roblox’s ability to outsource game development costs to its creators, while retaining the economic upside with diversified portfolio content as key to reducing risks.
Roblox is an online video game platform that allows for the development, creation, and exploration of gaming experiences.
Roblox stock is currently gaining. RBLX: NYSE is up 6.16%
