JPMorgan initiates Roblox at overweight rating, says video game stock can rally nearly 20% No ratings yet.

JPMorgan initiates Roblox at overweight rating, says video game stock can rally nearly 20%
Spread the love

Video game platform Roblox offers investors a healthy gaming business and an attractive foothold in the potential of the so-called metaverse, JPMorgan said in a note to clients.

Roblox is a company whose main product is video games for children, but the interactive nature of the games and extended playing time makes it a place for kids to socialize virtually. Analyst Alexia Quadrani initiated coverage of the newly public stock with an overweight rating on Tuesday, saying that the market was underestimating both the short-term and long-term potential of the platform.

Goldman downgrades Kroger and Albertsons, says inflation will hit grocers’ marginsHere are Monday’s biggest analyst calls of the day: Home Depot, Peloton, DraftKings, Exxon moreGoldman reiterates buy rating on Exxon following earnings, likes it better than Chevron

Please rate this

GoCurrent.com Management

GoCurrent.com founded in June of 2009

Leave a Reply

Your email address will not be published. Required fields are marked *