Roblox (RBLX) Responds to Hindenburg in Email Statement - Bloomberg
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/24/2026
Go back to Roblox (RBLX) Responds to Hindenburg in Email Statement - Bloomberg
October 9, 2024 6:57 AM EDT
Piper Sandler analyst Thomas Champion raised the price target on Roblox Corp. (NYSE: RBLX) to $54.00 (from $48.00) while maintaining a Overweight rating.
The analyst comments "Following Teen Survey data, we are raising RBLX user & EBITDA estimates. Total DAUs for FY25E move... More
October 9, 2024 5:33 AM EDT
Wells Fargo analyst Ken Gawrelski raised the price target on Roblox Corp. (NYSE: RBLX) to $54.00 (from $46.00) while maintaining a Overweight rating.
The analyst comments "Increase 3Q total bookings growth by 6pts to 27.5% y/y (above HE of guide 22% and consensus 21%) on strong engagement trends and favorable FX moves. Our updated forecast implies 5pts acceleration on 4pts easier comp. Concurrent users growth remained strong throughout the quarter, +35% y/y in 3Q vs. +26% in 2Q. Further, we highlight that Roblox app download (proxy for new users) also meaningfully accelerated in the quarter... More
