TD Cowen Reiterates Sell Rating on Roblox Corp. (RBLX)
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MoffettNathanson on Roblox Corp. (RBLX): 'laser-focused on improving the performance on client devices'
September 9, 2024 12:22 PM EDTMoffettNathanson analyst Clay Griffin reiterated a Neutral rating and $31.00 price target on Roblox Corp. (NYSE: RBLX).
The analyst comments "We continue to rate Roblox (RBLX) Neutral with a $31 PT. Our primary valuation framework relies on a multi-year DCF analysis that incorporates an estimate for the after-tax burden of stock-based compensation (as it always has and throughout our coverage). Our terminal multiple for RBLX 28... More
