© Riccardo Milani / Hans Lucas via Reuters Connect Today’s Most Important Initiations
By Davit Kirakosyan
MoffettNathanson initiated coverage on Roblox Corp (NYSE:) with an Underperform rating and a $19 price target. “We’re just not sure Roblox’s reality will be as grand as its vision,” said analysts there, adding that in a market looking for less evangelism and more “meat on the bone,” there’s plenty of room for the market to lose confidence.
Morgan Stanley assumed coverage on Smartsheet (NYSE:) with an Overweight rating and a price target of $54.00 (from $62.00).
Morgan Stanley assumed coverage on Asana Inc (NYSE:) with an Equalweight rating and a price target of $28.00 (from $35.00).
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