Roblox, the popular online gaming company, has received a bullish outlook from Canaccord analysts, who initiated coverage with a Buy rating and a price target of $48. “Roblox began as a gaming hub for young kids featuring blocky avatars and simplistic games built by hobbyists, but over time the platform has evolved to become one of the leading destinations for …
New York CNN Business — Investors weren’t making the trademark “oof” Roblox death sound Wednesday. “Roblox is an amazing community where people are creating together,” said Roblox CEO and co-founder David Baszucki in an interview with CNN Business Wednesday. “The increased use of interactive entertainment offerings like ours by consumers, including younger consumers, may prompt calls for more stringent consumer …
