Roblox Corporation (NYSE:RBLX) is one of the best up and coming stocks to buy right now. On October 17, Roth Capital analyst Eric Handler raised the firm’s price target on Roblox to $146 from $138 and set a Neutral rating on the shares, due to the ongoing strength in Roblox, driven by more sophisticated game development, improved discovery, and better monetization.
Additionally, on October 15, Roblox Corporation and Mattel Inc. announced an expanded collaboration to launch a new series of games on the Roblox platform, continuing Mattel’s strategy of extending physical play into the virtual world. The first major title from the partnership, Monster High, is Mattel’s premier self-published Roblox experience and debuted on October 24. The collaboration will be followed by a dynamic lineup of standalone Mattel games on Roblox featuring other celebrated franchises.
Roblox Corporation operates an immersive platform for connection and communication in the US and internationally.
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This article is originally published at Insider Monkey.
