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His firm initiated coverage on Roblox with a “buy” rating and a $60 price target. Given what Black had to say about Roblox, however, $60 actually seems like a conservative estimate.

With Roblox shares trading nearly 50% below their all-time highs from November of last year, one Stifel Nicolaus analyst is betting on a big comeback ahead. Drew Crum sees 60% upside for Roblox ...