BREAKING: MKBHD SAYS — $TSLA ROBOTAXIS WERE “EYE-OPENING” 👀 Becoming bullish ? https://t.co/D6XW3u7VSC
Morgan Stanley Increases Roblox Stock Price Target To $170 From $76, Indicating Strong Growth Expectations 🎮📈
Morgan Stanley Increases Roblox Stock Price Target To $170 From $76, Indicating Strong Growth Expectations
Several financial institutions have raised their price targets for Roblox Corporation ($RBLX) following strong second-quarter results and optimistic guidance for the third quarter. Morgan Stanley notably increased its target to $170 from $76, citing strong growth expectations. Other firms such as Wedbush, Oppenheimer, BMO Capital, Canaccord, Benchmark, Bank of America, and BTIG also raised their targets, with price targets ranging from $131 to $165. The upgrades reflect robust bookings, user growth, profitability, and successful monetization of new experiences, including the success of the "Grow a Garden" game and AI-driven discovery. Meanwhile, RBC Capital Markets raised Tesla Inc.'s ($TSLA) price target to $325 from $319, maintaining an Outperform rating. Analyst Tom Narayan highlighted Tesla's robotaxi project as a major long-term growth driver, with the potential to significantly increase the company's valuation. Elon Musk has expressed ambitions for Tesla to reach a $25 trillion market cap, driven by robotaxis, the Optimus humanoid robot, Full Self-Driving technology, and energy storage. The robotaxi project has received positive attention from influencers and analysts alike, signaling strong confidence in Tesla's future growth prospects despite some regulatory and inventory challenges.