Roblox Reports First Quarter 2024 Financial Results
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Roblox Corp. (RBLX) PT Lowered to $40 at Deutsche Bank
May 10, 2024 6:01 AM EDTDeutsche Bank analyst Benjamin Black lowered the price target on Roblox Corp. (NYSE: RBLX) to $40.00 (from $55.00) while maintaining a Buy rating.
The analyst comments "We would be buyers of the current weakness of Roblox's stock. Admittedly, the FY24 bookings guide-down was very disappointing, but we contend that the stock... More
Roblox Corp. (RBLX) PT Lowered to $37 at Wells Fargo
May 10, 2024 5:43 AM EDTWells Fargo analyst Ken Gawrelski lowered the price target on Roblox Corp. (NYSE: RBLX) to $37.00 (from $50.00) while maintaining a Overweight rating.
The analyst comments "View recent progress with Roblox's ads build-out as positive, but believe longer- duration investors will need to see several... More
Roblox Corp. (RBLX) PT Lowered to $35 at Morgan Stanley
May 9, 2024 4:24 PM EDTMorgan Stanley analyst Matthew Cost lowered the price target on Roblox Corp. (NYSE: RBLX) to $35.00 (from $42.00) while maintaining a Equalweight rating.
The analyst comments RBLX's 2Q guidance and reduced '24 outlook disappointed, with weaker content offerings and app performance issues weighing on... More
Roblox (RBLX) stock plunges as it cuts annual bookings forecast, Q2 bookings outlook misses consensus
May 9, 2024 8:14 AM EDT(Updated - May 9, 2024 12:14 PM EDT)
(Updated - May 9, 2024 8:17 AM EDT)
Roblox (NYSE: RBLX) reported first-quarter financial results that surpassed analyst expectations for earnings and revenue, but a weaker-than-expected bookings outlook for the second quarter sent shares plummeting by as much as 28%.
The company announced a Q1 loss per share of -$0.43, which was $0.10 better than the analyst estimate of a -$0.53 loss per share. Revenue for the quarter reached $801.3 million, exceeding the consensus estimate of $769 million and marking a 22% increase YoY. Q1 bookings grew 19.4% YoY to $923.8... More
Roblox (RBLX) Tops Q1 EPS by 10c, Offers Guidance
May 9, 2024 8:04 AM EDTRoblox (NYSE: RBLX) reported Q1 EPS of ($0.43), $0.10 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $801.3 million versus the consensus estimate of $769 million.
Bookings1 were $923.8 million, up 19% year-over-year.GUIDANCE:
Roblox sees Q2 2024 revenue of $855-880 million, versus the consensus of $805.2 million.
Second Quarter 2024... More
