Roblox reached an all-time high at 135.74 dollars as Morgan Stanley rose its price target by 70%

Roblox reached an all-time high at 135.74 dollars as Morgan Stanley rose its price target by 70%.Roblox announced on Wednesday (17th) that it will invest 10 million US dollars to develop three educational games for junior high school, high school and college students, and implant educational video games into school education.

Morgan Stanley analyst Brian Nowak maintained Roblox's "overweight" rating and raised the target price from $88 to $150. Analysts said that Roblox is optimistic about its leading position in the early stage of meta-universe and higher long-term profitability because it is investing in improving user experience, developing tools and improving brand implantation capabilities. Analysts added that considering Roblox's existing in-app purchase revenue source, advertising revenue outside the stock's current premium was considered appropriate.