%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Investing.com -- Raymond (NS:RYMD) James analysts added Roblox Corp (NYSE:RBLX) stock to their ‘Analyst Current Favorites,’ the firm’s list of favorite stock ideas. The move comes as Raymond James sees RBLX as “very well-positioned” to continue broadening its reach in the Interactive Entertainment sector. “We believe the combination of a substantial outstanding user opportunity and plenty of room to increase monetization of its users should lead to a long runway of 20%+ annual top-line growth,” analysts said in a Friday note. The firm also pointed to emerging revenue opportunities for Roblox, such as advertising and real-world commerce. As brands increasingly engage with the platform, these additional streams are anticipated to further support the company's financial growth. “Stability in recent quarters is leading to investor comfort with the platform’s trajectory, and we see these factors persisting as the company continues to bolster its software development platform, making for deeper, more immersive, and more engaging experiences for players,” analysts continued. Raymond James’ 'Analyst Current Favorites' list highlights top stock picks from its analysts, each limited to a single "Buy" idea rated Strong Buy or Outperform from their coverage universe. Among other high-profile names that were already included in the list are Salesforce (NYSE:CRM), Wayfair (NYSE:W), ELF Beauty Inc (NYSE:ELF), Chart Industries (NYSE:GTLS), Hewlett Packard Enterprise (NYSE:HPE), On Holding AG (NYSE:ONON), Goodrx Holdings Inc (NASDAQ:GDRX), and more. Earlier this week, Roblox brought on former Roku (NASDAQ:ROKU) executive Louqman Parampath to lead the expansion of its advertising business. Parampath will oversee product development for advertising and commerce, managing teams that assist brands in connecting with the platform’s valuable young audience. The company expects advertising to significantly boost its overall results by 2025 or 2026, it told Reuters last month.This content was originally published on http://Investing.com