This metaverse leader is primed for even more gains going forward, Bank of America says
Roblox has "structural advantages" that can drive the stock higher, according to Bank of America. The bank upped its price target on the online game platform to $103 per share from $86 and reiterated its buy rating. BofA's forecast calls for roughly 13% upside from Wednesday's close. "We expect to see talent and capital flow into the RBLX ecosystem faster than mobile app & console games for the foreseeable future," analyst Omar Dessouky wrote in a Wednesday note. "The string of strong results and share price rally appears to have catalyzed interest among new long-term oriented growth investors." RBLX YTD mountain Roblox stock in 2025. Dessouky highlighted the company's efforts within the metaverse, which he said could be a significant growth driver as adoption of the company's platform expands. "RBLX is the 'Metaverse' category leader," Dessouky said. "We see an extended runway for mid-20% growth as users worldwide adopt Roblox's Metaverse, in a virtuous cycle that will draw developers, brands, and merchants to the platform." "Roblox is not saddled with legacy media businesses that require transition to a Metaverse, and can thus allocate 100% of its resources toward maintaining Metaverse product leadership," the analyst added. "Rapid productization of innovations could result in consistent upside to growth estimates." Shares have surged more than 57% in 2025. Most analysts covering Roblox have a buy or strong buy rating, according to LSEG. However, the average price target implies downside of more than 18%.
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- CNBC
Bank of America analyst really loves this Wall Street stock, sees it rallying to $700
Goldman Sachs has "proven DNA to adapt to an ever-changing world," according to Bank of America. The firm reiterated a buy rating on the investment bank on Wednesday, alongside a $700 per share price target, which represents 12% upside from Wednesday's $624.17 close. Analyst Ebrahim Poonawala said Goldman has a storied history of navigating turbulent periods. He cited the Paul Volcker-led Federal Reserve era and the 2008 financial crisis as examples, saying these times demonstrated "a strong combination of scale and flexibility." Poonawala said he expects continued strength in Goldman's trading revenue, which was a highlight of the company's most recent quarterly report . "A sea change in the macro backdrop (interest rates, geopolitics) vs. post-GFC [Great Financial Crisis] years combined with a strategy that is focused on deepening client relationships (via financing) has increased the resiliency of trading revenues," Poonawala said. "Despite the inherent unpredictability, trading revenues have grown in six out of the last seven years after bottoming in 2017 (coinciding with a shift in Fed policy)." GS YTD mountain Goldman Sachs stock in 2025. The private credit space is another potential opportunity for further growth, the analyst said. He expects Goldman is relatively well positioned to handle any potential volatility in the sector. "Goldman's presence in the private credit space dating back to the mid-90s, history of strong risk management (superior client selection) should reduce the risk from any potential credit volatility in this space," the analyst said. Shares have added 9% in 2025, and have gained about 4% in June.
USA Today
5 hours ago
- USA Today
US stock futures fall after Trump raises tariff tensions
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Boston Globe
5 hours ago
- Boston Globe
Women are poised to inherit trillions in the coming decades. Will it give them more power, too?
Write to us at . To subscribe, . TODAY'S STARTING POINT The largest wealth transfer in history is happening in slow motion. About $124 trillion worth of earnings, property, and other financial assets will change hands in the US over the next 23 years, financial experts estimate, as older Americans die off. And as men bequeath money to their spouses and divvy up their wealth among their children, most of the beneficiaries will be women. The so-called great wealth transfer seems poised to change the American economy's relationship with gender. 'Wealth and personal finance especially has for generations or centuries been squarely the domain of men,' said Josie Cox, a financial journalist who wrote ' Money, valuable on its own, can also buy status. Yet it remains uncertain whether greater wealth will also give women greater power in American society. Here's how the great wealth transfer will happen and what it may mean. Advertisement Share the wealth Understanding the great wealth transfer means getting a little morbid. Here's how it will work: Through 2048, many of the remaining members of the baby boom generation (defined as Americans born between 1946 and 1964) will die. Women tend to live longer, so most men will leave their assets to female spouses. Advertisement 'Something like 95 percent of the spousal inheritance goes to women,' said Kay Hope, a research analyst at Bank of America who has Shifting cultural mores also help explain women's outsized share of the proceeds. Parents today are more likely to divide their assets relatively evenly between their male and female children than in the past, when inheritances flowed primarily to sons, Hope said. That will mean another $47 trillion going to younger women. An economy transformed? Greater wealth for women is poised to reshape the US economy. Some companies are already recognizing the shift, and Hope expects more to follow. That could mean more financial advisers catering to women, travel companies marketing overseas vacations to older single women, or a medical industry that focuses on osteoporosis and other conditions that disproportionately affect women into old age. 'Men today control about two thirds of global wealth,' Hope said. 'When those numbers are more 50-50, how hard is it to ignore?' The great wealth transfer could, in turn, grow the economy as a whole. Gender gaps in wages and labor force participation have narrowed in the US. If greater wealth helps more women enter or stay in the workforce, it could add trillions in value. 'It's not about pushing anyone aside,' Hope said, but 'about growing the whole pie.' Still, the shift may not be seamless. 'There is still a real cultural narrative that implies that the world of money and the world of investment is a world that is geared towards men,' said Cox, the financial journalist. Experiences in her own life have proven as much, from waiters bringing her husband the check to a financial adviser who refused to talk until her husband got on the phone. (According to some estimates, 70 percent of widows fire their financial advisers.) Advertisement The transfer may also reinforce inequality because it won't benefit those whose spouses or parents have little or nothing to pass on. The wealthiest 1 percent of Americans hold Does money equal power? The transfer also may not radically reshape women's position in American society, at least not by itself. Women's wealth grew during the 20th century as more entered the workforce, went to college, and held political office. Those advances are real. But Cox doubts that money alone will enable enough women to climb the corporate ladder to reach gender parity, for example, because women still feel more pressure than men to leave the workforce to raise children. 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