Roblox lifts annual bookings forecast as in-game spending booms; shares jump
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Roblox Corp. (RBLX) PT Raised to $60 at Deutsche Bank
November 4, 2024 5:20 AM ESTDeutsche Bank analyst Benjamin Black raised the price target on Roblox Corp. (NYSE: RBLX) to $60.00 (from $45.00) while maintaining a Buy rating.
The analyst comments "Roblox reported very strong 3Q results, beating estimates materially on both the top and bottom lines. The company delivered $1.13bn in Bookings, accelerating 11 points sequentially to 34% y/y, which was 11%/10% ahead of our/Street estimates of $1.0bn/$1.0bn, respectively. The 3Q bookings outperformance was driven by strength in DAUs, payer conversion, and average bookings per DAU (ABPDAU), particularly in the age 13 and up demo, as AI-driven algorithm improvements drove... More
Roblox Corp. (RBLX) PT Raised to $58 at Macquarie
November 1, 2024 10:22 AM EDTMacquarie analyst Aaron Lee raised the price target on Roblox Corp. (NYSE: RBLX) to $58.00 (from $50.00) while maintaining a Outperform rating.
The analyst comments "RBLX reported another strong beat-and-raise in 3Q with revenue growing 34% YoY and DAUs growing 27%. We continue to like RBLX's growth... More
Roblox Corp. (RBLX) PT Raised to $56 at BTIG
November 1, 2024 5:27 AM EDTBTIG analyst Clark Lampen raised the price target on Roblox Corp. (NYSE: RBLX) to $56.00 (from $51.00) while maintaining a Buy rating.
The analyst comments "WHAT YOU SHOULD KNOW: Earlier this week, we flagged an attractive setup for Roblox into this morning's earnings report, based on a delta in investor sentiment vs. underlying fundamentals, per our tracking. We expected strong results, but not +34% Y/Y Bookings growth. 3Q24 came in well above both our and buy-side bull expectations, and we're raising our price target to reflect estimate revisions, healthier underlying growth trends, and an... More
Roblox Corp. (RBLX) PT Raised to $62 at BMO Capital
October 31, 2024 3:59 PM EDTBMO Capital analyst Brian J. Pitz raised the price target on Roblox Corp. (NYSE: RBLX) to $62.00 (from $56.00) while maintaining a Outperform rating.
The analyst comments "Strong 3Q24 results, with a 10.5%/48% beat on Bookings/Adj. EBITDA aided by impressive engagement growth as DAUs/Hours... More
Roblox Corp. (RBLX) PT Raised to $70 at BofA Securities
October 31, 2024 3:52 PM EDTBofA Securities analyst Omar Dessouky raised the price target on Roblox Corp. (NYSE: RBLX) to $70.00 (from $60.00) while maintaining a Buy rating.
The analyst comments "RBLXs +34% Y/Y 3Q Bookings result (+28% Y/Y ex-console) was well above Street/ BofA/Guide of (+22%/+22%/21%... More
Citi Reiterates Buy Rating on Roblox Corp. (RBLX)
October 31, 2024 8:54 AM EDTCiti analyst Jason Bazinet reiterated a Buy rating and $53.00 price target on Roblox Corp. (NYSE: RBLX)
The analyst comments "RBLX reported 3Q24 bookings, average bookings per DAU (ARBDAU), and DAUs all above consensus estimates. 3Q24 covenant Adj. EBITDA of $223 million finished well... More
