Karakura online roblox9/24/2023 ![]() "While we remain cautious on many of those points, the combination of near-term growth uncertainty and longer term call options leaves us with a more balanced outlook at these levels, as we upgrade RBLX to EW with a $30 price target," Cost wrote in an investor note. ![]() ![]() Morgan Stanley analyst Matthew Cost raised his rating on Roblox ( RBLX ) shares to equal-weight from underweight, noting that shares "now fairly reflect" the near-term headwinds, notably a bookings slowdown in the second-half of the year, which is balanced against opportunities to drive growth such as artificial intelligence and ads. Roblox ( NYSE: RBLX) rose more than 2.5% pre-market trading on Thursday, following Wednesday's sharp sell-off, as a couple of Wall Street analysts upgraded the online video game company after it reported "mixed" second-quarter results.
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