Close Menu
Finletix
  • Home
  • AI
  • Financial
  • Investments
  • Small Business
  • Stocks
  • Tech
  • Marketing
What's Hot

HSBC downgrades JPMorgan Chase, adopts ‘a more cautious stance’ on bank stocks

July 8, 2025

Apple Can’t Quit China Despite Mounting Trump Pressure, Analysts Say

July 8, 2025

I Bought a Duplex With My Sister in San Francisco: Benefits

July 8, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Finletix
  • Home
  • AI
  • Financial
  • Investments
  • Small Business
  • Stocks
  • Tech
  • Marketing
Finletix
Home » Metaverse leader primed for more gains going forward: Bank of America
Investments

Metaverse leader primed for more gains going forward: Bank of America

arthursheikin@gmail.comBy arthursheikin@gmail.comJune 5, 2025No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email


Roblox has “structural advantages” that can drive the stock higher, according to Bank of America. The bank upped its price target on the online game platform to $103 per share from $86 and reiterated its buy rating. BofA’s forecast calls for roughly 13% upside from Wednesday’s close. “We expect to see talent and capital flow into the RBLX ecosystem faster than mobile app & console games for the foreseeable future,” analyst Omar Dessouky wrote in a Wednesday note. “The string of strong results and share price rally appears to have catalyzed interest among new long-term oriented growth investors.” RBLX YTD mountain Roblox stock in 2025. Dessouky highlighted the company’s efforts within the metaverse, which he said could be a significant growth driver as adoption of the company’s platform expands. “RBLX is the ‘Metaverse’ category leader,” Dessouky said. “We see an extended runway for mid-20% growth as users worldwide adopt Roblox’s Metaverse, in a virtuous cycle that will draw developers, brands, and merchants to the platform.” “Roblox is not saddled with legacy media businesses that require transition to a Metaverse, and can thus allocate 100% of its resources toward maintaining Metaverse product leadership,” the analyst added. “Rapid productization of innovations could result in consistent upside to growth estimates.” Shares have surged more than 57% in 2025. Most analysts covering Roblox have a buy or strong buy rating, according to LSEG. However, the average price target implies downside of more than 18%.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticlePalantir is nuts. When’s the crash?
Next Article One Corner of the Job Market Is Doing Surprisingly Well
arthursheikin@gmail.com
  • Website

Related Posts

HSBC downgrades JPMorgan Chase, adopts ‘a more cautious stance’ on bank stocks

July 8, 2025

What’s likely to move the market

July 7, 2025

These stocks are on their way to becoming dividend aristocrats, Wolfe says

July 7, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

After Diddy’s conviction, here’s where his business ventures stand

July 8, 2025

The Trump-Musk breakup appears to be complete

July 7, 2025

Trump announces a 25% tariff on Japan and South Korea

July 7, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to Finletix — Your Insight Hub for Smarter Financial Decisions

At Finletix, we’re dedicated to delivering clear, actionable, and timely insights across the financial landscape. Whether you’re an investor tracking market trends, a small business owner navigating economic shifts, or a tech enthusiast exploring AI’s role in finance — Finletix is your go-to resource.

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

China’s weaponisation of rare earths is a new kind of trade war

July 8, 2025

Gates open for affluent to invest in private credit

July 8, 2025

Hong Kong shares of Chinese banks surge amid hunt for yield

July 8, 2025
Get Informed

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 finletix. Designed by finletix.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms and Conditions

Type above and press Enter to search. Press Esc to cancel.