Citi analyst Jason Bazinet reiterated a Buy rating and $60.00 price target on Roblox Corp. (NYSE: RBLX).

Bazinet noted that during week 34 (August 17 to August 23, 2026), RoMonitor data showed average peak concurrent users (CCUs) of 16.1 million, down 31% year-over-year but flat compared to the prior week.

The analyst said Roblox's third-quarter 2026 bookings guidance of $1.57 billion to $1.65 billion surprised him, but that assuming bookings per payer of $51, down from $58 in the second quarter of 2026, current CCU trends would be consistent with bookings of approximately $1.68 billion, just above the high end of the company's guidance range.

Bazinet added that the quarter-to-date CCU data for the third quarter of 2026 is consistent with bookings of $1.68 billion, which is also above the Visible Alpha consensus estimate of $1.61 billion.

Shares of Roblox closed at $38.76 prior to the announcement.