Citi analyst Jason Bazinet reiterated a Buy rating and $90 price target on Roblox Corp. (NYSE: RBLX), according to a research note.

The analyst reported that during the week of April 20-26, RoMonitor data showed average concurrent users (CCUs) reached 12.6 million, representing a 21% increase compared to the same period in 2025. Quarter-to-date, CCUs of 13.0 million grew 5% over the second quarter of 2025.

Bazinet indicated these CCU trends suggest second quarter 2026 bookings of $1.51 billion, which would be approximately 18% below Street consensus forecasts for the period. The analyst noted this figure falls short of both the Visible Alpha consensus bookings estimate of $1.86 billion and Citi's current estimate of $1.72 billion for the quarter.

The analyst stated that linking CCUs to bookings requires assumptions about payers per CCU and bookings per payer, but based on historical averages, the quarter-to-date CCU trends support the $1.51 billion bookings projection. Bazinet indicated Citi would not adjust published estimates since only one month of the second quarter had elapsed.

Roblox is scheduled to report first quarter 2026 results and provide guidance on April 30.

Roblox shares closed at $56.09 in the previous trading session.