Roblox Stock Clears Buy Point On 'Growing Audience Platform' Amid 74% Run

Wells Fargo initiated Roblox at overweight with a 49 price target. It cited advertising upside from its "growing audience platform" as the reason for the upgrade.
The Dow Jones hit a record high as the S&P 500 and Nasdaq decisively cleared recent ranges and July peaks, fueled by the Fed signaling three rate cuts in 2024. Vertex surged on positive trial results for a new painkiller. Eli Lilly is setting up again. Samsara cleared a recent range after its earnings gap-up.

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