Roblox Jumps As JPM Upgrades to "Overweight"
Shares of gaming platform Roblox jumped 7.1% in morning trading.J.P.Morgan upgrades to "overweight" from "neutral" and raises PT to $48 from $41.JPM believes RBLX has significant monetization opportunity and expects free cash flow to compound over 40% through 2027.Says this is a compelling entry point for a co growing bookings over ~20%, exiting a heavy investment cycle and ramping two new revenue streams in advertising and commerce.Average rating of 31 brokerages covering RBLX is "buy", median