- Daiwa analyst Jonathan Kees initiated coverage on these two stocks with Outperform ratings.
- Kees initiated Roblox Corp RBLX with an Outperform rating and a $56 price target (21% upside).
- The analyst foresees the mobile gaming market expanding in the early teens and the metaverse market growing nearly triple digits.
- Kees initiated Unity Software Inc U with an Outperform rating and a $110 price target (17% upside).
- The analyst notes that the addressable market is growing, even though the competition is intense.
- Price Action: U shares traded higher by 0.27% at $94.23, and RBLX shares traded lower by 1.68% at $46.28 on Monday's last check.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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